LONDON, May 11 (Reuters) - Bank of England Governor
Andrew Bailey said on Thursday that he hoped British interest
rates are now near their peak, after the central bank raised
them for a 12th meeting in a row.
"We are approaching the point when we should be able to set
to rest in terms of the level of rates," Bailey said in an
interview with Bloomberg TV.
Bailey added that the BoE did not yet have enough economic
evidence to know whether it would need to raise rates further.
(Reporting by David Milliken and Suban Abdulla, editing by Andy
Bruce)
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