Summary
THE Bank of England will raise interest rates 'with vigour' if there is a surge in inflation, it warned yesterday.
Chief economist Spencer Dale issued the threat as figures showed that families have slashed their spending by the most in almost three decades as they attempt to ride out the downturn.See the full content of this document
Extract
Bank's Warning On Interest Rates [Scot Region]
But if an upturn brings a return to inflation then the Bank would be ready to act, ...
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