BoE Gov Carney: Reiterates time for rate hikes is approaching, there is no preset course for rates
- speech from Institute and Faculty of Actuaries event
- Well aware that low rates could fuel risk in financial and housing markets, and that financial markets could misprice risk.
- Rate rise likely to be limited and gradual due to weak export demand and high public and private sector debt. - Rates will be materially lower than in the past.