Bank of England policymaker says rate rise will come sooner, not later

Kristin Forbes signals she may vote for an interest rate hike by downplaying potential fallout for UK from emerging markets slowdown

An interest rate hike in the UK will come "sooner rather than later" and pessimism about the state of the global economy is overdone, according to a Bank of England policymaker.

Kristin Forbes, a member of the bank's rate-setting monetary policy committee (MPC), was also upbeat about the domestic economy. She argued that the country had only limited exposure to emerging markets such as Russia and Brazil and that, despite signs of a slowdown in those markets, British businesses should not be deterred from building stronger links with them.

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Kristin Forbes says despite increased risks the current "gloom and doom" on emerging markets is "overblown" http://t.co/SnyNwS3fZj

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