Bank of England Governor Mark Carney said on 19 January that he did not have a set timetable for raising British interest rates and wanted to see faster growth and stronger underlying inflation first. Carney said global and domestic growth had proved weaker than he had expected in the middle of the year, when he predicted that a decision on when to raise interest rates would have come into sharper relief by early 2016.
Jan 19, 2016
- Sensex weekly gain at 378 pts; Reliance up 4.5% on day, Sun Pharma down 9%
- China set to post slowest growth in 28 years in 2018, more stimulus seen
- Budget expectations, Q3 results to guide Indian equities
- CCD aficionados await a better brew after Siddhartha's MindTree pullout
- Etihad Airways to invest in debt-laden Jet Airways at discounted Rs 150 per share