article_snippet: ‘While interest rate rises may be on the cards next year, when the cards come the cards are likely to be small and slow.
article_snippet: Bank of England is expected to leave rates at 0.5 per cent again tomorrow, when the monetary policy committee finishes Bank of England latest monthly meeting.
article_snippet: Bank of England governor Mark Carney has suggested that rates could even be cut again – possibly to 0.25 per cent or even closer to zero – if ultra-low inflation persists.
article_snippet: But Bank of England governor Mark Carney and other senior Bank of England officials have also claimed the next move in interest rates will probably be up.
article_snippet: It is thought rates could start to rise late this year or early next year, although Bank of England governor Mark Carney has insisted increases should be ‘limited and gradual’.