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

Bank's policymakers fear infighting over bailout talks may drag down growth in eurozone, but admit prospect of hike increasing as UK economy strengthens

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.

With Brussels and Athens yet to begin formal talks on a third bailout deal, the monetary policy committee (MPC) said the eurozone could falter in the event of renewed infighting between Greece and its creditors.