Bank of England's Bean hints at higher rates

Bank of England chief economist Charles Bean said Monday UK interest rates remained "simulative" but that increases may be required if "If growth stays above the U.K.'s trend rate for any significant period".

Source: Bloomberg News

The chief economist of the Bank of England, Charles Bean, said Monday that British interest rates might need to rise further as the economy picks up strength, though policy makers will move gradually and take time to consider the impact of their changes.

Bean said bor

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