BOE rate rises could come faster than expected
Chief economist strikes a slightly more hawkish tone than his central bank colleagues
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London
THE Bank of England could end up needing to raise interest rates faster than investors expect, its chief economist told lawmakers on Wednesday, striking a slightly more hawkish tone than his central bank colleagues.
BOE governor Mark Carney, appearing alongside Andy Haldane, said there was no need to give a direct commitment on rates as markets broadly understood the BOE's message - unlike in the months before November's rate rise, the first in over a decade.
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