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A copy of introductory remarks from Mark Carney for this week's Monetary Policy Committee meeting – where members should raise the quarter-point discount rate – fell by chance in my hands. In the interest of an open government, it is right that I reproduce here a few edited highlights of his remarks.
"Now, look, this time we really have to raise the interest rates, I've been promising for years, but every time things got chained, and we were forced to row, habit that has somewhat bothered the reputation of being an "unreliable boyfriend."
"I know the data does not yet support exactly a rate hike. As likely as not, we could soon …
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