The Conversation

Zombie loans and a £300bn cushion: inside the Bank of England rates dilemma

Author: The Conversation

Mind the gap: Britain will need to raise rates with care.Howard Lake, CC BY-SA

When the men and women of the committee which sets UK interest rates get together these days, they are dealing with a deceptively simple question. Rates will go up, but how far and how fast? Their answer will decide the fate of a fragile recovery.

The UK economy is...

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