The Bank of England's governor, Mark Carney, was accused by a member of the House of Commons Treasury select committee in June of behaving like an "unreliable boyfriend" by giving mixed messages on whether the first rise in interest rates for five years will come in 2014 or 2015. So when Carney presents the Bank of England's inflation report on Wednesday, the City will be watching closely for any hints over the timing of a rise from the record low of 0.5%. Do not expect a definitive answer: Carney is likely to trot out his usual line that the data will determine the timing of the first hike and increases will be ... (full story)