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Haskel Sticks With Hiking Preference in Times Article

BOE

The Times runs an article with BoE's Haskel, who states that low levels of unemployment may keep interest rates hike, defending the BoE's narrative.

More from The Times piece with Haskel:

  • “The reason I am voting to increase rates now is the same: I don’t want the economy to get stuck in the bad situation of embedded inflation.”
  • He notes the UK is still suffering from “the worst of two stresses”: a European energy price shock that drove inflation to multi-decade highs in most continental countries last year and a red-hot American labour market.
  • Haskel’s calculations suggest that energy and food price costs will fade in the coming quarters, “leaving the relatively tight labour market the medium-term determinant of what’s going to happen to inflation”.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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