Everyone’s betting on a rate rise – but that might be a big mistake

Ignore the 'hints' coming from the Bank of England, says Matthew Lynn. A rate rise isn't as likely as everyone thinks it is.

The signals could not be clearer.The governor of the Bank of England, Mark Carney, has dropped some heavy hints that interest rates will see their first rise in seven years some time in the autumn.

Members of the Monetary Policy Committee, both past and present, have been lining up to tell us that rates will have to go up imminently.

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Matthew Lynn

Matthew Lynn is a columnist for Bloomberg, and writes weekly commentary syndicated in papers such as the Daily Telegraph, Die Welt, the Sydney Morning Herald, the South China Morning Post and the Miami Herald. He is also an associate editor of Spectator Business, and a regular contributor to The Spectator. Before that, he worked for the business section of the Sunday Times for ten years. 

He has written books on finance and financial topics, including Bust: Greece, The Euro and The Sovereign Debt Crisis and The Long Depression: The Slump of 2008 to 2031. Matthew is also the author of the Death Force series of military thrillers and the founder of Lume Books, an independent publisher.