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Bank of England reading inflation, no hurry to raise rates: Chief economist

The central bank raised interest rates for the first time in over a decade in November

Reuters  |  London 

The Bank of England is likely to need to raise interest rates again to tackle inflation but will not do so aggressively, the central bank's chief economist said in a newspaper article published on Sunday. Andy Haldane, on a visit to northeast England, referred to the BoE's statement after its policy meeting on Thursday that interest rates were likely to need to rise somewhat faster and to a somewhat greater extent than it had previously thought. "We have a very strong eye on inflationary developments, and they're currently ahead of our target," the Newcastle ...

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First Published: Sun, February 11 2018. 16:58 IST
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