Mark Carney

There has been forward guidance, backtracking, and a lot of false starts, but as the world's largest economies continue to recover, the question over which developed region will raise rates first looms large.

Two members of the Bank of England's Monetary Policy Committee voted for a 25bps rate hike this month, latest minutes show - the first call for hikes in over three years.

Bank of England Governor Mark Carney has admitted the Mansion House speech he gave last month was deliberately designed to 'shake up the markets'.

Bank of England Governor Mark Carney has said the 'new normal' for interest rates in the UK will be around 2.5%, a level he predicted they may reach by 2017.

Central bankers are to confirm later today whether they will act on growing concerns about the housing market.

Sterling has fallen back below $1.70 after Bank of England Governor Mark Carney sounded a more dovish tone on base rate rises.

Investors may see UK interest rates rise earlier than the 2015 date priced in by the markets, the Bank of England governor Mark Carney and the MPC have warned, but some economies have to cope with much higher rates.

Chancellor George Osborne plans to allow the Bank of England to implement new measures to control accelerating house prices in the UK, as the property market shows signs of overheating.

The governor of the Bank of England has told the UK to prepare for a potential rise in interest rates this year.

Bank of England Governor Mark Carney has tried to defuse expectations of an imminent rate hike by saying it would "not be the right tool" to deal with a booming housing market.