Bank of England Official Calls for Interest Hike Now
In a speech he gave on Thursday in London, Andrew Sentance, a member of the Monetary Policy Committee of the Bank of England, called for a raise in interest rates now to forestall having to act in a more dramatic manner later.
Pound Up, Gilts Down After Reading of Bank of England Minutes
Wednesday’s release of the minutes of the Bank of England’s Monetary Policy Committee meeting saw a shift in how members regard the danger of inflation, as Martin Weale joined Andrew Sentance in voting for an increase of a quarter point this month. Sterling rose on the news, anticipating an increase...