How he keeps changing mind

AUGUST 2013: Carney says rates will not rise until unemployment falls below 7 per cent – not expected until late 2016. JANUARY 2014: Unemployment below 7 per cent but rates stay at 0.5 per cent. JULY 2015: He says a decision ‘will likely come into sharper relief’ at the turn of the year. JANUARY 2016: Carney insists: ‘Now is not yet the time to raise interest rates.’ FEBRUARY 2016: He says it is ‘more likely than not the next move in rates is up’. AUGUST 2016: Interest rates are cut to 0.25 per cent following the Brexit vote. NOVEMBER 2017: Rates back to 0.5 per cent. FEBRUARY 2018: Carney says rates may need to rise ‘somewhat earlier and by a somewhat greater extent’ than previously thought. APRIL 2018: The Governor says he doesn’t ‘want to get too focused on the precise timing’ of the next rate rise. YESTERDAY: Rates are held at 0.5 per cent.