He’s all alone on the MPC in calling for rater hikes, but he tells Sky News that rates have to rise, MNI reports.
Here is more for Reuters:
- Rates need to move gradually higher in a slow way as climate today different from when policy was set
- We have a turnaround in business activity
- There is upward impact on inflation from the pound
Cable has gone a bit bid, now at 1.5553 from 1.5530.
