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But as Britain's economy recovers, Mr Carney expects rates to settle below the historical norm, and points to market expectations of 2-3%.
He expects rates to remain unchanged following the holiday weekend.
The market expects rates to start rising from February next year.
Michael Becker, branch manager of Sierra Pacific Mortgage, is one who expects rates to move lower.
No one expects rates to return to anything resembling 1981 levels.
Derek Egeberg, branch manager at Academy Mortgage, is one who expects rates to increase.
Similar(31)
Carney still expects rate rises to be steady, and gradual.
But most analysts expect rates to slide again next year.
Analysts expect rates to further increase when group travel rebounds.
But recent economic uncertainty now means many economists are not expecting rates to rise until next spring.
Many economists now expect rates to remain at that level until next year.
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