BOE’s Broadbent: ‘Not ready to raise interest rates yet’

Scotland's press and journal newspaper out with comments from the BOE MPC member Ben Broadbent delivered during his visit to Aberdeen a day before.

Key Quotes:

“If you look at the past six to 12 months, economic growth has been OK and employment rate good. Unemployment has drifted down a little…and inflation is higher.”

“There is reason to see the committee moving in that direction (higher interest rates) – but there are still a lot of imponderables.”

“In my opinion, it is a bit tricky at the moment to make decision (to raise rates). I am not ready to do it yet."