UK rate rise may yet prove a mistake

Mark Carney had painted himself into a corner and a rate rise now could backfire

Sat, Nov 4, 2017, 06:05

Governor of the Bank of England Mark Carney: failure to follow through this time would have cemented his reputation as the master of mixed messages. Photograph: Stefan Rousseau/AFP/Getty Images

Governor of the Bank of England Mark Carney: failure to follow through this time would have cemented his reputation as the master of mixed messages. Photograph: Stefan Rousseau/AFP/Getty Images

Since taking over at the helm four year ago, Bank of England governor Mark Carney has laid the groundwork for an interest rate rise on several occasions only to pull back at the last minute, prompting the barb “unreliable boyfriend”.

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