FIRST AIRED: June 3, 2016

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00:00:00
the strongest hint yet on when u. k. interest rates will begin to rise bank of england governor mark carney seeing the decision will come into sharper relief by the turn of the year that puts the british central bank on track to follow the fades after more than six years of race at rock bottom levels well he came as something of a surprise sir marcus and soon investors and to consumers but it really shouldn't of , zero and , and the bank of england several policy makers have been saying that the moment to raise rates is going to come sooner rather than later we had some bank of england officials say , %HESITATION connie's kind of following on from what some of his colleagues have been saying but also , probably had some cover from the u. s. federal reserve chair john you know and she said this week that u. s. interest rates , will probably rise , sometime this year so maybe he had some cover that you restaurants are going to start rising soon therefore he can make it clear that you curious will also stop thrice and in a speech delivered at lincoln cathedral in east england on thursday carney spoke of strong momentum in britain's economy , describing a slowdown at the start of this year as merely a bullet , it's good news receivers have seen their returns whether but mortgages on credit card bills will take a hit , carney assured borrowers that any rate hikes from the record low of not point five percent would proceed slowly with rates rising to a level about half as high as their historical average of four point five percent in