BoE's Carney: Rate hike by spring 2015 consistent with goal

FXStreet (Łódź) - Speaking at a trade union congress in Liverpool BoE governor Mark Carney signals that the first rate hike is drawing nearer.

• The labor market needs time to recuperate before rates rise.

• Real wage growth should resume by the middle of 2015.

• Once the increases start, they will be gradual and limited.

• Inflation remains benign.

• UK GDP expected at 3.5% in 2014 and at 3% next year.