Bank of England and MPC member David Miles speaks exclusively to Mortgage Strategy magazine As we head to the MPC minutes later David Miles makes one of the last comments on interest rates ahead of that. Time of policy normalisation is coming; Bank rate will start rising over next few years but will be gradual; Seems very likely that inflation will move back up to target quite sharply towards the end of the year, or start of next year; Was a difficult decision to keep interest rates low in 2011 when CPI was at 5.25%; Was the right decision to hold off raising rates in 2011; Not overly hawkish remarks compared to his ... (full story)