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Bank of England says rate rise likely in "coming months" if price pressures rise

Reuters  |  LONDON, Sept 14 

By David Milliken and William SchombergLONDON, Sept 14 (Reuters) - Bank of England policymakers said their first interest rate rise in more than a decade was likely to be needed in the "coming months" if the economy keeps growing and inflationary pressures continue to build.Officials voted 7-2 to keep rates on hold at a record-low 0.25 percent as expected, but said their tolerance for above-target inflation was lessening and that all of them thought rates could rise faster than financial markets expect.Britain's vote to leave the European Union in March 2019 has created long-term doubts about ...

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First Published: Thu, September 14 2017. 16:41 IST