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MPC likely to keep raising interest rates, says ex-member

Video Credit: ODN - Duration: 00:46s - Published
MPC likely to keep raising interest rates, says ex-member

MPC likely to keep raising interest rates, says ex-member

A former member of the Bank of England's Monetary Policy Committee (MPC) has said further increases to interest rates may be necessary to stick to the 2% inflation target.

Martin Weale suggested: "I think the Monetary Policy Committee probably will want to continue to raise interest rates until they're clear that inflation, or some leading indicator of inflation like pay growth, has actually turned down." Report by Buseld.

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