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

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