This year, next year, sometime, never ...

Will he?  Won't he?  Does what he says mean anything?

CityAM reports:

Mark Carney’s Bank of England pushed sterling off a cliff yesterday by suggesting that interest rates could stay anchored to their historic low until 2017.

Having said earlier in the year that a rate hike could come towards the end of 2015 or start of 2016, the Bank’s governor appears to be diverging from the position of US Federal Reserve boss Janet Yellen.

The dollar jumped this week when Yellen and two of her Fed colleagues pointed to a “live possibility” of a US rate hike next month.

Many analysts have expected the Bank to follow the Fed’s lead and tighten monetary policy sooner rather than later, but yesterday’s trio of publications – dubbed Super Thursday – was surprisingly dovish.

“The path for Bank rate implied by market rates has fallen by around 40 basis points [since August], such that it only reaches 0.75 per cent in 2017 quarter two,” said the Bank’s inflation report.

It will no doubt be an entirely different story in January.