Bank of England governor Mark Carney has said that UK interest rates are likely to remain low "for some time". His comments came as he spoke to MPs on the Treasury Committee. UK rates have been held at 0.5% since March 2009. Most economists are not expecting the Bank to raise rates until mid-2016 at the earliest. Mr Carney said that "even with limited and gradual rate increases it still will be a relatively low interest rate environment". He added: "The question in my mind is when the appropriate time for interests to increase and that is strongly consistent with the strength of the domestic economy." Mr Carney also ... (full story)