We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Forward subsidence

12 February 2014 By George Hay

The central bank’s governor is still saying that rates will stay low, although he abandoned his old metric for telling when to hike. Using fuzzier indicators like output gaps may spare Carney blushes. But if inflation picks up along with GDP, rate rises will be hard to avoid.

This content is for Subscribers only


Email a friend

Please complete the form below.

Required fields *


(Separate multiple email addresses with commas)