You are here: Home » Reuters » News
Business Standard

Bank of England's Carney says now not the time to raise rates

Reuters  |  LONDON 

By David MillikenLONDON (Reuters) - Now is not the time to raise interest rates, Bank of England Governor Mark Carney said on Tuesday, warning of weak wage growth and a likely hit to incomes as Britain prepares to leave the European Union.Carney, speaking to London's banking community alongside finance minister Philip Hammond a day after Brexit talks started, said that depending on how the talks progress, businesses might soon need to activate contingency plans."Before long, we will all begin to find out the extent to which Brexit is a gentle stroll along a smooth path to a land of cake and ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Tue, June 20 2017. 13:02 IST
RECOMMENDED FOR YOU