LONDON Oct 17 Bank of England Deputy Governor
Ben Broadbent said the central bank would not raise interest
rates for the sake of meeting its 2 percent inflation target if
it risked hurting the economy, in an interview published on
Broadbent said raising rates could lead to "undesirable
consequences" such as lower economic growth and higher
unemployment, BBC News quoted him as saying.
His comments were similar to those of Governor Mark Carney,
who said on Friday he was willing to allow inflation to run "a
bit" higher than the target to help the economy grow.
British inflation is expected to rise sharply in 2017 as the
impact of the fall in the value of the pound since the country's
Brexit vote in June pushes up the price of imported goods.
(Reporting by Andy Bruce; editing by William Schomberg)