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The British Chambers of Commerce said 18pc of manufacturers and 22pc of services firms are concerned about higher interest rates and urged the Bank 'not to act prematurely'.
'Early rate rises may mean more limited growth ambitions among the very firms we are counting on to drive the recovery.'
Carney has promised that increases will be 'gradual' and 'limited' – with rates rising to around 2.5pc over the next three years, half the average of 5pc seen before the financial crisis.
But critics warn that if the Bank waits too long before raising rates it will have to act far more aggressively than planned to keep a lid on inflation and stop the economy overheating.
The BCC estimated that the economy grew by 0.8pc in the second quarter of the year with business activity stabilising following an 'unexpected surge' at the start of the year.
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