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BoE’s Carney: One rate rise a year for the next few years is a good rule of thumb

In an interview with BBC, Bank of England Governor Mark Carney said that one rate rise a year for the next few years more or less would get the inflation back to target over the horizon, as reported by Reuters.  

“It’s actually a little too little but not much too little. If people want a rule of thumb for now I would use that with the caveat…(that) it will depend on what happens with the Brexit discussions,” Carney further added.

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