BoE's Miles keeps talking up interest rates

FXStreet (Bali) - BoE member, David Miles, was quoted in the telegraph over the weekend, saying that it is "more likely that normalisation of monetary policy starting at some point in my remaining year on the MPC.

Reuters carried further headlines:

"There are signs that there is still slack, or spare capacity, in the economy # continued low wages settlements is one of them."

"The stimulus given by very low interest rates is not something that has to be removed right now."

"Suspect my reasonable colleagues on the mpc will not all see it the same way."

"Inflation is under 2pc and it is likely to remain subdued for some time to come."

"When the right time will be to begin raising rates is something that reasonable people can disagree on."

"Level of bank rate set by the mpc ..can be meaningfully lower.. than the rate of about 5pc."