article_snippet: And Bank of England governor Mark Carney told Parliament yesterday that it would ‘likely fall further to around zero in the coming months, and remain near there for much of the year’.
article_snippet: Bank of England governor Mark Carney said prices were likely to remain flat for the rest of the year because of falling prices of oil and food .
article_snippet: Mr Carney warned that interest rates are likely to rise at some point – but said that when that happens the increases will be ‘gradual’ and ‘limited’.
article_snippet: Such a move would spell misery for savers – who have already missed out on around £130billion in interest payments because of ultra-low rates – but would be welcomed by borrowers.
article_snippet: A report by the British Chambers of Commerce, published today, predicts interest rates will rise to 0.75 per cent
highlights_snippet: Mr Carney said prices were unlikely to rise for the the rest of the year .
  