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Bank Of England's Carney Suggest A Rate Hike Could Come In The Spring

Sam RoSep 9, 2014, 16:30 IST

Bank of England Governor Mark Carney signaled a U.K. interest rate hike could come in early 2015.

"Our latest forecasts show that, if interest rates were to follow the path expected by markets - that is, beginning to increase by the spring and thereafter rising very gradually - inflation would settle at around 2% by the end of the forecast and a further 1.2 million jobs would have been created," Carney said at the Trade Union Congress in Liverpool.

More to come...