Chancellor says loose monetary policy to end due to UK and US economic success following suggestions China slowdown could keep rates downBritish interest rates are more likely to go up than down thanks to the success of the UK and US economies,George Osborne has said, as he toured China to foster closer political and trade ties.
The chancellor told BBC Radio 4’s nowadays programme on Tuesday that a rise in interest rates signalled by tag Carney, and the Bank of England governor,reflected the “robust growth” of Britain’s economy, adding “the general sign coming from the Bank and the Federal Reserve in the US is that the exit from very loose monetary policy is going to come”.
Continue reading...
Source: theguardian.com