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Carney: Estimate for rates to hit 2-3% ‘not unreasonable’

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Carney: Estimate for rates to hit 2-3% ‘not unreasonable’

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  • 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.

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