Bank policymaker 'relaxed' about waiting to raise interest rates

Gertjan Vlieghe of Bank of England says he wants to see growth stabilise or pick up before considering increase

A Bank of England policymaker has said UK economic growth must stabilise or pick up before he will be persuaded of the need to raise interest rates.

Gertjan Vlieghe said in a newspaper interview he was relaxed about waiting to raise them from record low levels.

Related: The UK economy may be growing, but in a highly unbalanced way