He’s been a beguiling old fox until now, has Mark Carney, refusing to let on when interest rates might finally rise up from their historically long period of being held at 0.5%.
But last night, at his annual address at Mansion House, the Governor of the Bank of England dropped his biggest hint yet that interest rates could go up this year.
Most commentators have of late been forecasting a rise in the first half of next year, but Carney said it “could happen sooner than markets currently expect”.
He added, though, that there was “no pre-set course” on raising the Bank of England’s base rate, and that “eventual increases in Bank rate will be gradual and limited.”
Watch this space.
At the same event, Osborne announced he is giving the Bank new powers to take heat out the housing market.