BoE's Carney: May rate hike not a done deal

Brexit uncertainty a major factor

Mark Carney, the governor of the Bank of England, has said there is still a lot of data to consider before the Monetary Policy Committee (MPC) can decide when to next hike interest rates.

An interest rate hike in May has been priced into markets for some time now with many economists and investors expecting a rise of 0.25%. But in an interview with the BBC, the governor said there was still a lot to consider, such as the strength of global growth, before any announcement is due on 10 May. He said some data on the economy - such as yesterday's inflation figures which saw CPI fall to its lowest level in 12 months - had been "softer". However, he said it was important to look through short-term volatility and consider the overall momentum of the economy. He said: "We h...