Bank’s Sentance lists reasons for rate hike
Andrew Sentance, an external member of the Monetary Policy Committee at the Bank of England, on Thursday expressed why he thought the Bank of England must begin tightening monetary policy in the UK.
At an event in London, Sentance said: "We relaxed monetary policy in late 2008 and throughout 2009 to forestall a deepening recession and head off the risk of deflation. That policy was both right and successful. But since then, we have experienced recovery at home and abroad and significantly above
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