BoE's Taylor backs extended hold for interest rates

LONDON, June 23 (Reuters) - Bank of England policymaker Alan Taylor said on Tuesday that an "extended hold" for interest rates was the right response to the increase in price pressures spurred by conflict in the Middle East.

"Until we have greater certainty, then, an extended hold at this level is, to me, very much the correct and appropriately measured policy response we need, given the balance of risks," Taylor said in the text of a speech due to be delivered at an event hosted by Barclays and the Centre for Economic Policy Research, a think tank.


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