Interest rates likely to rise this year, despite being held in May

Interest rates likely to rise this year, despite being held in May

The Bank of England did not raise interest rates in May, despite earlier suggestions that it would. About four years ago a member of the Treasury Select Committee compared Mark Carney, the Governor of the Bank of England, to “an unreliable boyfriend”. That quip was prompted by Mr Carney’s record of talking about future interest rates increases that never became reality. The description came back to haunt the Governor last month…