BoE’s Miles: Turning point on rates coming pretty soon

FXStreet (Bali) – BoE’s Miles is crossing the wires, after a BBC TV interview, noting that turning point on rates is coming pretty soon.

Main headlines

Says UK rate increase will be less than historical level

Inflation is extremely low, will move up

Likely path of rate increases will be gradual

Rate increase is a sign of strength in economy

Greece and China remain risks to outlook

BoE’s Miles is crossing the wires, after a BBC TV interview, noting that turning point on rates is coming pretty soon.

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