You are here

BOE pushes rate-increase view

Mr Weale said that the outlook for consumer-price growth means the response at some point will have to be policy tightening.


BANK of England (BOE) policymakers Ben Broadbent and Martin Weale said weak UK inflation will be temporary and indicated that the chance of more stimulus remains low.

While the bank said last week it could respond to weak price pressures with an interest rate reduction or