The central bank is not in a hurry to reduce the collection of government bonds due to its stimulus program through quantitative easing for Britain, according to the Bank of England policymaker Ian McCafferty. On LBC radio he said, “What we have said is that we are in no hurry to turn round on QE,” They aim to raise the interest rates a bit higher than the present rates, which could be used in either direction. Alternately, they could also cut the rates again and continue in promoting it higher depending on the economic situation, he added.
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