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BoE's Broadbent says not ready to hike rates - Press and Journal newspaper

Reuters  |  LONDON 

LONDON (Reuters) - Top Bank of England official Ben Broadbent is not ready to raise interest rates just yet, he said in a newspaper interview published on Wednesday, substantially lessening the chances that borrowing costs will rise soon.Deputy Governor Broadbent said the mood among businesses was central to his analysis and that it was "very difficult" for the bank's Monetary Policy Committee to judge whether there had been a significant improvement."In my opinion, it is a bit tricky at the moment to make a decision (to raise rates). I am not ready to do it yet," Broadbent told the Press and ...

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First Published: Wed, July 12 2017. 11:34 IST