Demand must moderate, Sir Edward George warns

UK - Sir Edward George, governor of the Bank of England, has warned that "domestic demand will have to moderate of its own accord" or "we'll have to put rates up" He was speaking in an interview with a Scotland based newspaper.

The Bank's monetary policy committee is likely to respond to the fragile state of the global economy by leaving interest rates unchanged at the end of this week's meeting, according to economists.

But Sir Edward's comments, made to a Scottish newspaper, will be seen as a

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