Bank of England May Go For Early Rate Rise

Bank of England indicated it might announce an interest rate hike sooner than its original forecast of late 2016. With the unemployment rate in the U.K. falling faster than anticipated, Jason Douglas, Alex Brittain, and Ainsley Thomson of The Wall Street Journal predict that Bank of England might signal an interest rate hike earlier than anticipated. Bank of England’s forward guidance In August, Bank of England’s Governor Mark Carney, in his first quarterly inflation report conference, indicated the Monetary Policy Committee intends not to raise the bank rate from its current level of 0.5% at least until the unemployment rate…