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One-Time BOE Dove Sees Case for Imminent Rate Hike

  • Policy maker joins Carney among majority seeing hike soon
  • Odds rise of U.K. tightening starting as early as November
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Blanchflower Says a BOE Rate Rise Is 'Clearly Wrong'

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Bank of England policy maker Gertjan Vlieghe, regarded as one of the more dovish members of the Monetary Policy Committee, said that he may support raising interest rates in the near future.

The pound extended its advance as he put himself among the majority of MPC members who this week said an increase in borrowing costs could be needed soon. The flip puts Vlieghe in the hawk camp with Governor Mark Carney and strengthens the chances of a hike as early as the next meeting in November.