BoE's hawkish dissenter Cafferty seeks rate hikes in August and unwinding of QE

BoE's hawkish dissenter Cafferty has been reported in The Times saying that the Bank should review its policy of leaving QE unchanged until interest rates are dose to 2 per cent.

Cafferty suggests that the BoE should consider unwinding its 435 billion pound quantitative easing programme earlier than planned and that he is minded to vote for quarter-point rate rise again in August.