Bank of England Governor Mark Carney dampened expectations on the timing of the first UK rate hike innearly a decade yesterday, predominantly citing the recent slowdown in China and other emerging market economies as the main reason. "The outlook for global growth has weakened since the August inflation report," the BOE's Monetary Policy Committee said in a statement. The BOE highlighted that it is, by no means, in any rush to raise its benchmark interest rate and v…
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