BoE has 'room to raise interest rates' without hitting borrowers

The BBC reports Ben Broadbent, who sits on the committee that decides rates, said rates could go up a fair amount before "borrowers got into great difficulties". But he added a rate rise must not be allowed to "choke off" recovery. The report explained rates would only increase if the economy was in good health, or if inflation was out of control, Broadbent said. "We want to ensure that this recovery continues and is not choked off by a premature rise in interest rates," he told Sky News. Interest rates have been at record lows of 0.5% since 2009. The report said a rise would mean hi...