Central Banks
BOE’s Haskel Warns of Inflation, Signals Vote for Rates Hold
- Policy maker warns of ‘tight and impaired’ labor market
- He will leave the committee after crucial August decision
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Bank of England policy maker Jonathan Haskel signaled that he will vote to leave interest rates at a 16-year high in his final meeting next month, warning that a “tight and impaired” labor market will keep inflation too high.
The official — who finishes his term on the Monetary Policy Committee at the end of August — said that he needs to see more evidence that underling price pressures are receding before backing cuts despite “encouraging signs” on inflation.