UK Interest rates may have to rise: George

UK: The Governor of the Bank of England last night warned that interest rates might have to be raised to moderate consumer demand.

Speaking in an interview with the BBC, Sir Edward George said action might need to be taken by the Bank if consumer demand did not 'moderate' as the world economy picks up.

'Consumer demand will have to moderate, I think there's a good possibility that it will begin to moderate of it's own accord.

'When I say moderate I don't mean it falls off a cliff, but it slows down

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