Bank of England Governor Mocks "Have Your Cake and Eat It" Brexit

Bank of England Governor Mark Carney said Tuesday that "now is not yet the time" to raise interest rates
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Bank of England Governor Mark Carney said Tuesday that "now is not yet the time" to raise interest rates in a delayed speech that could trim bets on tighter financing conditions from the Bank as inflation surges in the months ahead.

In the text of a speech that was due to be delivered last week at the annual Mansion House dinner, but was delayed as a mark of respect to the victims of the Grenfell Tower fire in West London, Carney also said that Britain's EU exit negotiations would signal "the extent to which Brexit is a gentle stroll along a smooth path to a land of cake and consumption."

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This article was written by a staff member of TheStreet.