BoE rates likely to rise: Carney

Frankfurt - The Bank of England (BoE) expects its next move in interest rates to be an increase not a cut despite record low inflation, BoE governor Mark Carney said on Friday, underscoring his difference of view with the Bank's chief economist.

"We're still in a position where our message is... that the next move in interest rates is going to be up," Carney said during a panel discussion at a Bundesbank conference in Frankfurt.

BoE chief economist Andy Haldane surprised investors last week when he said a recent sharp slowdown in inflation meant the bank was as likely as not to cut rates - a view that had been previously rejected by Carney.