Michael Saunders’ remarks add to signs Bank might become first major central bank to raise rates since Covid hit
The Bank of England policymaker Michael Saunders has warned households to get ready for “significantly earlier” interest rate rises as inflation pressure mounts in the British economy.
Saunders said investors were right to bet on faster increases in borrowing costs with consumer price inflation on course to rise above 4%, adding to signs the Bank might become the first major central bank to raise rates since the coronavirus pandemic struck.
