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Tuesday, June 24, 2014

Interest Rates

As I noted yesterday, don't expect interest rate rises anytime soon.

As per Mark Carney, Governor of The Bank of England, at today's Treasury Select Committee:
"The exact timing of that [increases in interest rates] will be driven by the data. But the most important aspect of the guidance that we're giving is that our view is that the increases in rates over the forecast horizon, in our best estimation, will be limited and gradual."
'Nuff said!

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