Key Bank policymaker urges higher rates

Key Bank policymaker urges higher rates
 

A key member of the Bank of England's interest rate-setting Monetary Policy Committee (MPC), Michael Saunders, has said "a modest rise" in interest rates is needed to curb high inflation.
In a speech in Cardiff, he said it would "help ensure a sustainable return of inflation to target over time".
"We do not need to be putting the brakes on so much that the economy weakens sharply," he said.
"But our foot no longer needs to be quite so firmly on the accelerator."
Mr Saunders, formerly the head of European economics at the US-based bank Citigroup, has... read more

 
31 August 2017 in Business, Views: 42
Source: BBC
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