LONDON (MNI) - Bank of England Governor Mark Carney restated the central
forecast of the Bank's Monetary Policy Committee Friday, telling a forum that
low inflation in the UK is temporary and the next move in domestic interest
rates will likely be higher.
"The central forecast is that the next move in rates will be a rise,"
Carney told the forum on Financial Stability in Frankfurt.
Carney's comments echo those of other MPC members in recent days, including
Deputy Governors Nemat Shafik and Ben Broadbent.
Carney was speaking in his capacity as Chairman of the Financial Stability
Board and his comments were not broadly focused on the UK economy.
--MNI London Bureau; tel: +44 207-862-7495; email: email@example.com