Carney cautions borrowers on rate rise but no respite yet for savers

The Bank was "focussed" on "raising interest rates" and the right time to tighten monetary policy, Carney said, according to the Mail on Sunday and the Telegraph. Rate rises were a "possibility not a certainty", he said. But he urged UK households to prepare for tighter monetary policy. "‘If we think there is a prospect, a possibility - that's a possibility not a certainty - of rate rises, then that is far, far better to let the British people know so they can prepare," Carney is reported to have said. "There's no certainty that [rate rises] will happen, but it is a better posit...