BoE’s Saunders says public is ready for rate hike
External MPC member denies hike would negatively impact household spending
One of the members of the Bank of England’s monetary policy committee has said he does not believe a “modest” rise in rates will have a “disproportionate” effect on spending.
Speaking in Cardiff today (August 31), Michael Saunders explained why he voted for a 25 basis point increase at the BoE’s latest policy, meeting which saw interest rates left on hold.
“Balance sheets are much less fragile than 10 years ago, with lower debt/income ratios and higher levels of liquidity among companies and
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