The Bank of England may raise interest rates 'relatively soon'. This was announced by the BoE governor, Mark Carney, adding that in this phase monetary tightening "may be appropriate".
The Bank of England has hinted on more than one occasion that it is preparing its first rate hike in more than a decade, as the looming UK exit from the European Union weighs on the economy in a complex way.
Since August this year, officials led by Carney have said they expect to start gently raising rates in the UK "within months" to contain inflation. Many economists expect the first move to come in November.
Meanwhile, the final data on UK gross domestic product in the second quarter confirms an increase of 0,3% on a quarterly basis and 1,5% on an annual basis, below the 1,7% of the second preliminary reading and of consensus. This was communicated by the British Office for National Statistics.
