Bank of England Governor Mark Carney said in a newspaper interview he would not have to wait for real wages to turn positive before raising interest rates. Carney signalled during the Bank's quarterly inflation report on Wednesday that it remains on course to raise interest rates from 0.5 percent early next year but only if wage growth picks up. He told the Sunday Times: "We have to have the confidence that real wages are going to be growing sustainably (before rates go up). We don't have to wait for the fact of that turn to do so." He also warned that some British banks may have to raise extra capital as a result of ... (full story)