Carney reveals more hawkish stance as he hints at November rate rise

'Easing its foot off the accelerator'

Bank of England governor Mark Carney has refused to rule out a rate rise before the end of 2017 indicating a hike could happen in the "near term".

Rates are currently 0.25%, they were decreased from 0.5% last summer after the European referendum. Speaking on the BBC Today show, Carney (pictured) said the Bank was considering "easing its foot off the accelerator" in light of changes to productivity post Brexit. Carney: Rate hikes will be 'gradual and limited' "We can see that in the coming months, if the economy continues on this track, it may be appropriate to raise rates. "We are in circumstances globally, and in the UK given the uncertainty, where we are talking about easing off the accelerator to keep up with the speed ...