BOE Remains on Course to Begin Raising Rates Early Next Year, Gov. Carney Says
August 29 2015 - 1:16PM
Dow Jones News
By Jason Douglas
The Bank of England remains on course to begin slowly raising
interest rates early next year despite the recent turmoil in global
financial markets, Gov. Mark Carney said on Saturday.
In a speech at the Federal Reserve Bank of Kansas City's annual
economic symposium in Jackson Hole, Wyo., Mr. Carney said the
decision on when to start raising interest rates from near zero
will become clearer around the turn of the year.
"Recent events do not yet, to my mind, merit changing the MPC's
strategy for returning inflation to target," Mr. Carney said,
referring to the BOE's rate-setting Monetary Policy Committee.
Write to Jason Douglas at jason.douglas@wsj.com
(END) Dow Jones Newswires
August 29, 2015 13:01 ET (17:01 GMT)
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