The Bank of England says it is in no rush to raise the base rate of interest, easing speculation of an increase late this year as the economic recovery gathers pace.
During its latest Inflation Report briefing, bank governor Mark Carney moved to reassure borrowers that bank rate - which is used by lenders to help set mortgage costs - would be likely to remain at its record low of 0.5% for "some time".
He would not comment on market expectations for the bank to act in the second quarter of 2015 but said there was sufficient slack in the economy to erase the prospect of a rise in the short term.
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https://uk.news.yahoo.com/carney-bank-no-rush-raise-rates-093821551.html
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