Interest Rates To Rise, But Not Yet

Mark Carney, Governor of The Bank of England, said strong growth and rapid job creation meant the judgement about when to start raising interest rates had become “more balanced”.

He is quoted by the Telegraph:

“Relative to the recent past, the economic outlook is much improved.

While there is always uncertainty about the future, you can expect interest rates to begin to increase.” 

Rest assured, as I have noted many times before, there will be no increase in rates until after the general election in May 2015.