The Bank of England pointed to a possible rise in interest rates early next year afterjust one of its top policy makers backed an immediate move, as it forecast that the strength of sterling meant inflation would only pick up slowly. The pound fell sharply and investors briefly pushed back their bets on a first rate hike until June next year, before BoE Governor Mark Carney said the Bank was getting closer to beginning to undo its stimulus for Britain's economy "The likely timing of the first Bank Rate increase is drawing closer", he said.
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