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Forget Fed, rate-hike talk really heating up here
An improving economy, a strengthening jobs market and hawkish comments from central bank officials: Sounds like the U.S. but it's the U.K. where talk of higher interest rates is getting louder. Martin Weale, one of the more hawkish members of the Bank of England's (BoE) Monetary Policy Committee (MPC), said this week that the country should get ready for a rise in borrowing costs as early as August, the Financial Times reported. A rate hike may not be imminent but the remarks are significant, economists say. That's because they highlight a difference of opinion emerging from the nine-member Monetary Policy Committee, ... (full story)
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