Mark Carney Raising Interest Rates: “Oh no he isn’t” “Oh yes he is”
As pantomime season approaches, and with Christmas round the corner, inflation should increase as Santa fervently embarks on his annual shopping spree for the children of Britain. However, in both September and October inflation was -0.1pc, and on closer inspection it is hard to imagine that it would increase substantially before Christmas. Thus, it seems that the Bank of England will not raise rates this year.
