(Bloomberg) -- Bank of England Governor Mervyn King
signaled U.K. interest rates may have to rise further from a six-
year high if measures of inflation pressures stay close to their
current levels.
``The Monetary Policy Committee will be watching closely
indicators of capacity pressures, pricing intentions and inflation
expectations,'' King said in a speech to business executives in
Cardiff, Wales, yesterday. ``If these indicators remain elevated,
the MPC may need to take further action.''
Read more at Bloomberg Bonds News
signaled U.K. interest rates may have to rise further from a six-
year high if measures of inflation pressures stay close to their
current levels.
``The Monetary Policy Committee will be watching closely
indicators of capacity pressures, pricing intentions and inflation
expectations,'' King said in a speech to business executives in
Cardiff, Wales, yesterday. ``If these indicators remain elevated,
the MPC may need to take further action.''
Read more at Bloomberg Bonds News
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