Bank of England Governor Sir Eddie George Friday reiterated his well know cautious stance on UK membership in Europe's single currency, stating there were risks with the so-called "one-size fits all" interest rate policy. In an interview with the BBC, Sir Eddie said, "The single interest rate that has to go with the single currency is not going to be appropriate for all member countries at the same time." In the interview George also warned that the current strength of consumer demand is unsustainable in the medium term and that if that strength did not abate as world economy picks up and the UK economy rebalances, the Bank of England may have to raise interest rates to ease domestic demand.