Central Banks
Michael Saunders Says It’s Time for BOE to Slow UK Rate Hikes
- Former member of rate-setting panel was previously hawkish
- Saunders sees signs increase so far are having an impact
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Michael Saunders, who was one of the most hawkish Bank of England policy makers until he finished his term in August, said he’d now vote to soften the pace of interest rate increases.
The economist said he’d back a quarter-point rise in the key rate to 4.25% if he still sat on the nine-member Monetary Policy Committee, half the rate of the half-point rises pushed through at the past two meetings.