BOE’s Haskel says would rather hold rates until there is more certainty on inflation

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  • Need more certainty that inflation pressures have subsided sustainably
  • Looking closely at labour market conditions and inflation indicators such as services inflation
  • Recent wage data is consistent with the idea that „underlying“ unemployment rate has risen
  • There are considerable second-round effects at play currently, will fade over the coming years

It’s good that his remarks are focusing on their goals and not sidetracked by the election. And it also speaks to which camp he is on I guess, since the June decision was supposedly „finely balanced“ even if the vote was 7-2.

This article was written by Justin Low at www.forexlive.com.

Go to Forexlive

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