BoE's George hints at reluctance to raise rates

UK - Sir Edward George, governor of the Bank of England, hinted last night that he does not support a rapid rise in interest rates.

Sir Edward told an audience of bankers in London: "With inflationary pressures subdued, monetary policy generally can, for the time being at least, afford to remain reasonably supportive" - although he added that he made "no predictions as to what that may mean for interest rates".

Before last night's speech, expectations in financial markets indicated a sharp 1

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