BoE should hold rates until pressures have eased, Haskel says
Changes to labour market estimates helped shift policy decisions, MPC member says
The Bank of England (BoE) should keep holding rates until inflationary pressures have clearly faded, said Jonathan Haskel, a member of its monetary policy committee (MPC).
“I would rather hold rates until there is more certainty that underlying inflationary pressures have subsided sustainably,” Haskel said at King’s College London on July 3.
Haskel is among the more hawkish members of the MPC, having voted for a rate hike in February 2024 before switching stance to hold since March. He is due to
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