Bank of England governor Carney: Chinese problems unlikely to prevent UK interest rate rise

China’s economic problems are “unlikely” to derail plans to raise interest rates in the UK, Bank of England Governor Mark Carney has claimed.

China’s economic problems are “unlikely” to derail plans to raise interest rates in the UK, Bank of England Governor Mark Carney (pictured) has claimed.

The Chinese slowdown and rattled investor confidence this week prompted expectations that rate increases might be taken off the agenda in the short term in both the US and UK, where the cost of borrowing has remained at 0.5% for more than six years.