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No huge differences at BoE about path for rates: McCafferty
November 8, 2017 / 6:14 PM / a month ago

No huge differences at BoE about path for rates: McCafferty

LONDON (Reuters) - Bank of England policymaker Ian McCafferty said on Wednesday there were no big differences among top officials at the central bank about the path for interest rates.

The Bank of England is seen through the columns of the Royal Exchange in the City of London, Britain, November 2, 2017. REUTERS/Toby Melville

“I don’t think there have been huge differences in terms of the trajectory for rates on the (Monetary Policy) Commmittee,” McCafferty told LBC radio. “It’s purely a question of how much evidence one needs before one changes one’s mind.”

The BoE’s nine rate-setters voted 7-2 last week to raise interest rates for the first time since 2007 and said they expected only “very gradual” rate rises ahead.

Reporting by William Schomberg and Alistair Smout; editing by Stephen Addison

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