News Column

Policymaker |soft-pedals

June 20, 2014

LONDON: Bank of England policymaker Martin Weale, one of the most hawkish members of the monetary policy committee, told BBC Radio Ulster yesterday he did not see a need to raise interest rates in the immediate future.

On Wednesday, Weale had said rates might need to rise later in the year if, as he expected, unemployment fell faster than the central bank was predicting.

But yesterday Weale stressed rates did not need to go up yet.

Cape Argus

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Source: Cape Argus (South Africa)

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