Wadhwani - Current high interest rate policy risky

UK - Rising household debt and the possibility of a depreciation in sterling's exchange rate aren't sufficient grounds to keep interest rates higher than necessary, said one of the Bank of England's nine interest-rate setters Monday.

Sushil Wadhwani, a member of the bank's Monetary Policy Committee, said the current "high interest-rate policy" pursued by the British central bank, while aiming at prudence, entails some risks. Keeping interest rates higher not only helps keep the pound strong, i

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: