Bank of England's Carney warns of rates ending up higher depending on Brexit outcomes

London

BANK of England Governor Mark Carney said on Thursday there were many ways that the eventual outcome of Britain's divorce with the European Union could result in higher interest rates. "There's a wide range of Brexit outcomes, but in many of them, interest rates will be at least as high as they are today. So we don't need to keep our powder dry for that," Mr Carney told a news conference after the BOE raised rates to a new post-crisis high of 0.75 per cent.

"The mistake is to always wait, wait, wait, until you have perfect certainty because we don't know when that higher degree of certainty is going to transpire."