FT: Bank of England hawk says prepare for UK rate rise

The Financial Times interview with BoE hawk Martin Weale, who says:

• The Bank of England should be ready to raise borrowing costs as early as August
• Rising wages and low unemployment pointed to a tightening labour market
• Likely to require a response, even if low oil prices kept inflation down for longer than expected

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Weale is a hawk, so such comments are not overly surprising.

And, he is one vote out of nine on the Monetary Policy Committee , so don't take this to the bank just yet.

Still, there ya go!

The Financial Times is gated, but can be read with a free registration: Bank of England hawk says prepare for UK rate rise

Cable struggling off the canvas in the past few hours:

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