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Bank of England dove flies against the wind on interest rates

Bank Of England Considers Negative Interest Rates
Silvana Tenreyro, an external member of the Bank’s monetary policy committee, warned it would be “self-defeating” to hike interest rates to hose down temporary bout of inflation (Photo by Peter Summers/Getty Images)

A member of the Bank of England’s rate setting committee has broken ranks and taken a more dovish stance against heating inflation.

Silvana Tenreyro, an external member of the Bank’s monetary policy committee, warned it would be “self-defeating” to hike interest rates to hose down temporary bout of inflation.

More to follow.