Yet again Mr Carney is trying to give us the heads-up of a forthcoming rate rise. The bank has now announced the quarterly inflation report, interest rate decision and minutes of the MPC meeting together. With only one of the nine MPC members voting for a rise, this was a couple less than expected. The economy still “in need of care” and only a “gradual increase” being on the cards I have a sneaking suspicion that the rise will be later rather than sooner.
