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BOE jacks up 2017 growth forecast; in no rush to raise interest rates

Some of its rate-setters have 'moved a little closer' to their limits for tolerating overshoot of 2% inflation target

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BOE governor Mark Carney (above) and his fellow policymakers were wrong-footed by the resilience of Britain's economy last year following the referendum decision in June to take the country out of the EU.

London

THE Bank of England (BOE) boosted its forecast for British growth in 2017 and some rate-setters were more nervous about rising inflation, but the bank overall seemed in no rush to raise interest rates as the economy adjusts to the prospect of "Brexit".

In a sign of a

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