Carney: New normal for UK interest rates to be 2.5%

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Bank of England Governor Mark Carney has said the 'new normal' for interest rates in the UK will be around 2.5%, a level he predicted they may reach by 2017.

Speaking to BBC Radio 4's Today programme Carney said a return to 'normal' interest rates of 5% is unlikely in the medium term. He said things have changed to the point it is almost impossible t...

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