The Bank of England expects its next move in interest rates to be an increase not a cut despite record low inflation, Governor Mark Carney has affirmed.

That opinion underscores his difference of view with the Bank's chief economist Andy Haldane.

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

Just last week Mr Haldane surprised investors when he said a recent sharp slowdown in inflation meant the bank was as likely as not to cut rates.

That was something which had been previously rejected by Mr Carney.

Several other top policymakers at the BoE have left Mr Haldane looking isolated in recent days.

Also on Friday one of the Bank's deputy governors, Ben Broadbent, played down the sharp fall in inflation which has seen the measure drop to zero in February.

According to Mr Broadbent Britain is unlikely to suffer from a long bout of deflation.