Carney Says U.K. Rate to Rise by Spring 2015 as Wages Recover

Bank of England Governor Mark Carney said officials may increase their benchmark rate from a record low in spring next year as wage gains accelerate and the recovery gains momentum. “If interest rates were to follow the path expected by markets — that is, beginning to increase by the spring and…

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Carney Says U.K. Rate to Rise by Spring 2015 as Wages Recover

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