LONDON, Sept 7 (Reuters) - The Bank of England may need to raise interest rates next year if growth continues and inflation becomes stickier, Bank of England policymaker Michael Saunders said on Tuesday. “As to when I think interest rates might rise, that would depend on the economic outlook,” Saunders told an online event hosted by accountancy software company Intuit. “If the economy continues to recover, and inflation shows signs of being more persistent, then it might be right to think of interest rates going up in the next year or so. But that is not a promise and depends on economic conditions,” he said. “Any rise in interest rates in the next year or so should be relatively limited,” Saunders added. (Reporting by Andy Bruce, writing by David Milliken) Our Standards: The Thomson Reuters Trust Principles.
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