BoE Carney says I do not give guidance on a specific interest rate path, except in exceptional circumstances

Market news

21 February 2018

BoE Carney says I do not give guidance on a specific interest rate path, except in exceptional circumstances

Trade-off between growth and inflation has diminished
Horizon to bring inflation back to target has moved in from three years, has not jumped to two years in MPC's collective view

Carney says the outlook for growth and inflation was seen earlier this month as likely to require some ongoing withdrawal of monetary stimulus - Annual report to parliament

Bank of England's Carney says we are not in exceptional circumstances now

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