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Interest rates could rise within months, says Bank official

Interest rates could rise within months, says Bank official
From BBC - September 15, 2017

A senior Bank of England official has said the "moment is approaching" when it might need to raise interest rates.

GertjanVlieghe, who is on the Bank's Monetary Policy Committee, says there are signs the UK economy is picking up and can handle a rate increase.

It comes after the Bank voted on Thursday to keep rates at 0.25%, but hinted it could raise them in the "coming months".

Mr Vlieghe's comments sent the pound higher against the dollar and euro.

Sterling rose above $1.35 to a 15-month high against the dollar, and gained nearly 1% against the euro to rise above 1.13 euros.

Mr Vlieghe has previously argued against increasing interest rates.

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