BoE Chief Sees Rate Hike Possibility In Case Of Smooth Brexit

Bank of England Governor Mark Carney said a gradual and limited rise in interest rates may be needed in case of a smooth Brexit, in which the UK and EU agree a deal and there is a period of time during which businesses can adjust to the new relationship. If the economy continues to perform as the monetary policy committee expects, upward pressure on prices is likely to build, he said.