Just when will rates rise?

Last week, the governor of the Bank of England, Mark Carney, suggested that interest rates in the UK might rise sooner than the market expects. You can see why he might feel the need to flag this up. UK GDP has grown rather faster than expected recently: in the last quarter, the economy grew by 3.1% compared to a year ago.

But to think that interest rates will soon rise, you also have to think that growth is likely to continue to surprise on the upside.

That, as anyone on the MoneyWeek cruise with me this week (we’ve done [...]

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