BoE’s Carney: Any future increases in Bank Rate are likely to be at a gradual pace and to a limited extent

Bank of England Governor Mark Carney is responding to questions posted online on the BoE’s Future Forum.

Key quotes

“Many of the structural factors currently weighing the global equilibrium interest rate are likely to persist for many years to come.”

“That’s why the MPC expect that any future increases in Bank Rate are likely to be at a gradual pace and to a limited extent.”