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Bank of England dove says rates might need to rise in coming months

Reuters  |  LONDON 

By David MillikenLONDON (Reuters) - The Bank of England might need to raise interest rates in the coming months, according to the rate-setter who was previously most strongly in favour of keeping borrowing costs at their record low.The comments from Gertjan Vlieghe on Friday came a day after the BoE said a majority of its nine policymakers believed a rate hike in the coming months was likely, if inflation pressure continued to build in the economy.Investors took the comments from Vlieghe - who as recently as July warned against a premature rate hike - as a sign that the BoE was moving as a ...

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First Published: Fri, September 15 2017. 15:23 IST