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BOE’s Saunders Says Any Rate Rise in Next Year Will Be Limited

  • MPC’s most hawkish member says rates may rise in next year
  • Says U.K. GDP is now fairly close to pre-pandemic level
The Bank of England in the City of London.

The Bank of England in the City of London.

Photographer: Hollie Adams/Bloomberg

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The Bank of England’s most hawkish policy maker says even if interest rates rise in the next year, it’ll be a limited shift.