(Corrects spelling of Dhingra's name, and day)
LONDON, March 8 (Reuters) - Bank of England rate-setter
Swati Dhingra said on Wednesday that it would be prudent to hold
interest rates at this juncture, given that previous increases
in borrowing costs are yet to feed through into an already weak
economy.
"In my view, a prudent strategy would hold policy steady
amidst growing signs external price pressures are easing, and be
prepared to respond to developments in price evolution," Dhingra
said in the text of a speech to the Resolution Foundation think
tank.
"This would avoid overtightening and return the economy
sustainably to our 2% inflation target in the medium-term."
(Reporting by David Milliken, writing by Andy Bruce; editing by
William James)
Messaging: @brucereuters))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.