Will Carney raise interest rates at last?

The governor of the Bank of England signals that a rise in interest rates may finally be on the way.

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Mark Carney's steady hand went into a panic following the Brexit vote
(Image credit: 2017 Getty Images)

"Not more forward guidance, surely," says Alistair Osborne in The Times. "Hasn't Mark Carney tried that often enough?" In 2013 the governor said the Bank of England would start thinking about raising interest rates when unemployment fell below 7%. Now it's at 4.3%, but rates never rose. Before the EU referendum there were two other occasions when he appeared to signal a rise would come soon. Then he cut them after the vote.

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Andrew Van Sickle
Editor, MoneyWeek

Andrew is the editor of MoneyWeek magazine. He grew up in Vienna and studied at the University of St Andrews, where he gained a first-class MA in geography & international relations.

After graduating he began to contribute to the foreign page of The Week and soon afterwards joined MoneyWeek at its inception in October 2000. He helped Merryn Somerset Webb establish it as Britain’s best-selling financial magazine, contributing to every section of the publication and specialising in macroeconomics and stockmarkets, before going part-time.

His freelance projects have included a 2009 relaunch of The Pharma Letter, where he covered corporate news and political developments in the German pharmaceuticals market for two years, and a multiyear stint as deputy editor of the Barclays account at Redwood, a marketing agency.

Andrew has been editing MoneyWeek since 2018, and continues to specialise in investment and news in German-speaking countries owing to his fluent command of the language.