BoE's Saunders says UK rates may need to rise before markets expect
The Bank of England will probably need to raise interest rates sooner than financial markets expect, policymaker Michael Saunders said on Monday, adding his voice to an unexpectedly hawkish message from the central bank’s chief economist on Saturday.
Saunders, the first of the current Monetary Policy Committee members to vote for a rate rise in 2018, said the central bank would not necessarily wait until all Brexit uncertainties were resolved before raising interest rates again.
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