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Forward rates tied to sterling money market contracts are predicting the next rate increase by the BOE in early-2015, a year earlier than the central bank indicated. The government’s borrowing costs soared to a two-year high at a debt sale last week. Some investors believe Mr. Carney will have to be more plain-spoken to becalm interest-rate markets.
last-modified: 2021-03-11 07:00:32