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Will interest rates ever rise?

Not immediately—but perhaps sooner than you'd think

By George Magnus  

Governor of the Bank of England Mark Carney ©Justin Tallis/PA Wire/Press Association Images

No one is going to get too excited about the Bank of England’s expected announcement on Thursday that policy rates will remain unchanged. The Bank’s Governor, Mark Carney, has certainly not ruled out the possibility of another reduction from the current level of 0.25 per cent, but the data to hand concerning the economy this summer has been almost as good as the summer itself.…

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