March snowfall won't chill UK economy, Bank policymaker says

Michael Saunders, a member of monetary policy committee, says rates should move up from 0.5%Fears of a slowdown triggered by heavy snowfall have been overblown, according to a Bank of England policymaker, who has said the UK economy could withstand interest rates reaching as high as 2% within the next few years.Michael Saunders, a member of the monetary policy committee, said the Bank should move to raise interest rates from the current level of 0.5%. Continue reading…
Via: March snowfall won't chill UK economy, Bank policymaker says