BOE’s Miles: Important Monetary Policy Doesn’t Upset Recovery

LONDON (MNI) – Bank of England Monetary Policy Committee member
David Miles has said that the MPC wants to bring inflation down but
added that it is important not to upset the UK’s “fragile” economic
recovery.

“It’s very much a balancing act. We want to start bringing
inflation back down but if we decided interest rates were to go up, we
need to know what impact this might have,” Miles told the Derby
Telegraph.

“We are now in a fragile recovery and it is important not to upset
that recovery,” Miles added.

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[TOPICS: M$B$$$,M$$BE$,MSSFX$]