BOE not on any predetermined plan for interest rates – BOE’s Carney

FXStreet (Mumbai) - The Bank of England (BOE) governor Mark Carney was on the wires on Friday stating that the central bank is not on any predetermined plan for interest rates.

Carney further added, “In terms of the monetary policy the point at which interest rates need to increase has moved closer.”

Carney and other BOE members have hit the wires repeatedly this week, reiterating that the time for a rate hike is moving closer. On Thursday, Carney had indicated that rates could be rise by the turn of the year.