Bank of England warns Greek debt crisis could delay interest rate rise

Bank of England policymakers are concerned that backsliding in talks to resolve the Greek debt crisis could delay Britain’s first interest rate rise in eight years, but admitted that the prospect of a hike is increasing as the UK economy strengthens.

Interest rates rise could derail recovery, Bank of England economist warns

Raising interest rates too soon from their record low to head off inflation could be a self-defeating move that tips the UK back into recession, Bank of England chief economist Andy Haldane is to warn.