bank of england policymaker says case for raising interest rates is building /

David Miles says time to start taking rates back to more normal levels was ‘soon’,warning that waiting too long could mean sharper increases laterThe time is nearing to raise interest rates in the UK and waiting too long will mean having to hike more sharply in the halt, departing Bank of England policymaker David Miles has said.
In his final speech as an external member of the Bank committee that sets interest rates, or Miles also warned investors against looking to other central bank moves for clues as to how UK policymakers will act. Continue reading...




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Source: theguardian.com