Mark Carney has recent history on his side as he faces up to the biggest challenge of his leadership of the Bank of England and tries to keep interest rates at their record low.
Speculation mounted last week that the Canadian’s grip on decision-making at the BoE was weakening when chief economist Andy Haldane said he might break ranks and join other dissenters who voted this month for Britain’s first rate hike in a decade.
Sterling rose and yields on two-year British government bonds, which are sensitive to the short-term view on BoE rates, hit their highest levels in seven months on Monday, building on a sharp rise last week.
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