BoE's Walton sees no rush for rate move

David Walton, the newest member of the Bank of England's Monetary Policy Committee, told the Times that inflation could easily remain above the Bank's 2 percent target for some months while economic growth seemed to have recovered somewhat.

"With the wage round coming up, it seems to me it's quite sensible, really, to make sure that we don't have any 'second round effects' on wages before taking a strong view about where interest rates ought to be going in future," he said in an interview

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account

.