Carney rate hike signals flaws in UK economy

London

BANK of England Governor Mark Carney is ready to raise interest rates from a position of economic weakness rather than strength.

The fastest inflation in four years has left the UK central bank preparing to hike next month for the first time in more than a decade, yet it's not an accelerating economy fanning those price pressures. Instead, policy makers are being pushed to temper less benign inflationary forces generated by weak productivity and Brexit.