BoE’s Saunders hints at willingness to raise rates
MPC member signals he sees the UK economy running somewhat hotter than the consensus view suggests
The Bank of England’s Michael Saunders hinted in remarks today (April 21) he could be willing to vote for a rate hike at the central bank’s next meeting.
Though he said he was not a “big fan of using code words” to indicate a coming vote, he did indicate he viewed inflation, currently 2.3%, as likely to be higher in the short run than the base case in February’s forecasts. He also said there were signs of a growing tightness in the labour market, with unemployment at historic lows.
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