BoE’s Saunders hints at willingness to raise rates

Michael Saunders. Photo: BoE

The Bank of England’s Michael Saunders hinted in remarks today (April 21) he could be willing to vote for a rate hike at the central bank’s next meeting.

Though he said he was not a “big fan of using code words” to indicate a coming vote, he did indicate he viewed inflation, currently 2.3%, as likely to be higher in the short run than the base case in February’s forecasts. He also said there were signs of a growing tightness in the labour market, with unemployment at historic lows.

Without “pr