Carney: Estimate for rates to hit 2-3% ‘not unreasonable’
- Bank of England governor Mark Carney has said rates could be as high as 3% over the medium term.
- The forecast horizon in the latest Inflation Report covers the period to the end of 2017.
- Carney also implied rates would have to rise by more than 0.5 percentage points before any move to reduce QE was made.