- Monetary Policy Committee member Martin Weale: the Bank of England should raise its interest rate sooner
Market news
11 March 2015
Monetary Policy Committee member Martin Weale: the Bank of England should raise its interest rate sooner
The Monetary Policy Committee member Martin Weale said on Wednesday that the Bank of England should raise its interest rate sooner than expected if wages continue to grow over the next few months.
Weale noted that there is a risk that inflation could decline further, but he expects that it will recover back towards the BoE's 2% target.
He pointed out that a stronger pound could also be a risk.
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