LONDON, Feb. 8-- The governor of the Bank of England (BoE) warned on Thursday that interest rates would rise sooner than markets expected. The warning from governor Mark Carney came as he delivered the quarterly BoE inflation report. Governor Carney warned markets in a press conference to "expect that in order to return inflation sustainably to target ... it will probably be necessary to raise interest rates ... somewhat earlier and to a somewhat greater extent than we had thought in November." At the time of the previous inflation report in November Carney had told markets to expect the era of loose monetary policy to be over, as the BoE was considering, in line with the movement's of the U.S. Federal Reserve, to further raise the bank rate. |