BOE Opens Door to Earlier Rate Rise

LONDON—The Bank of England Wednesday said the U.K.’s economy is set to grow more rapidly than it had expected just three months ago, but stressed that a subdued outlook for inflation means it is still unlikely to raise interest rates soon.
Releasing its latest quarterly forecasts, the BOE said the unemployment rate may fall to 7% much earlier than it had previously thought, an indication that it could consider raising its benchmark…

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