BoE’s Ian McCafferty wants to hike interest rates sooner

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The Bank of England's monetary policy committee member, Ian McCafferty, speaking at the Institute of Directors in Liverpool earlier today was of the opinion that the BoE should start to rise the interest rates sooner than later in order to follow a gradual path of monetary policy tightening. He commented that sooner the BoE starts to hike rates; the better the chances to take a gradual approach as...

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