Carney Says Rates to Rise in `Relatively Near Term'

The video discusses the potential for interest rate increases in the near term, emphasizing that any changes will be gradual and limited. It highlights the global economic circumstances, particularly in the UK, that contribute to this cautious approach. The speaker uses a metaphor of easing off the accelerator to describe the careful management of economic growth and interest rates.

What factors contribute to the uncertainty mentioned in the text?

What does the speaker imply about the timing and extent of interest rate increases?