BoE’s Weale: rates still likely to rise, scope for stimulus if needed NOTTINGHAM, England The Bank of England (BoE) is still more likely to raise interest rates than to cut them over the next two years, but it has plenty of scope to stimulate the economy if needed, one of the bank’s policymakers said on Tuesday. Martin Weale, in... More »
Slow pay growth, oil slump make rate hike less urgent: BoE’s Weale LONDON One of the Bank of England’s policymakers who is considered most likely to call for higher interest rates believes the need for tighter monetary policy is “slightly less immediate” because of slow pay growth and falling oil prices, a newspaper reported.... More »