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Record low interest rates 'to rise in spring 2015'

Business News - 21 Feb 2014

A Bank of England policy maker has announced that interest rates are expected to rise for the first time since the economic crisis.

Martin Weale, a policy maker in the Monetary Policy Committee commented in a Sky News interview that 'the most likely path' would be an interest rate rise in the spring of 2015.

He said that 'the path is likely to be relatively gradual' but also that 'he could not rule out' an earlier rise if wages increased more quickly than forecast.

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