Cable Supports BOE ‘Doves,’ Says Rate Rise ‘Difficult’

U.K. Business Secretary Vince Cable said he shares the analysis of the “doves” on the Bank of England’s Monetary Policy Committee, saying an interest-rate increase is “potentially very difficult.”

“As an outsider looking in, I take the view of the doves,” Cable said in a Bloomberg Television interview airing today. “Although you have inflation, it’s almost entirely imported. There’s not very much evidence of British inflation taking place. It’s virtually deflation.”