Mark Carney: Britons should still expect rates to go up in 2016

Follows dovish November Inflation Report

Daniel Flynn
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Bank of England chief Mark Carney has said Britons should prepare for an interest rate increase in 2016, following the Bank's decision to once again keep rates at record lows yesterday.

In an interview with Bloomberg, Carney said an expectation of rates rising next year would be "reasonably prudent" given the recent progress of the UK economy. His comments came just hours after the Monetary Policy Committee voted 8-1 in favour of keeping UK interest rates at a record low of 0.5% amid a dovish tone in the November Inflation Report. "Would I rather have the majority of the British people thinking that rates are likely to go up in the next year, which is the case today? Yes I would, because that is reasonably prudent behaviour, given the progress this economy is making,...

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