BOE’s Haldane Sees Case for Raising Interest Rates This Year
- Says overall economic picture is a ‘reasonably reassuring one’
- Comments in speech in Bradford, England, given Tuesday
BOE's Carney Says Not Yet Time to Raise Rates
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Bank of England chief economist Andy Haldane is leaning toward joining the hawks on the Monetary Policy Committee, saying that the risks of leaving policy tightening too late are rising and that he considered a vote for a rate increase as early as June.
“The risks of tightening ‘too early’ have shrunk as growth and, to lesser extent, inflation have shown greater resilience than expected,” Haldane said in a speech published Wednesday. “Provided the data are still on track, I do think that beginning the process of withdrawing some of the incremental stimulus provided last August would be prudent moving into the second half of the year.”