Haldane Says U.K. Inflation to Exceed Target for Next Few Years

A shopper carries bags while walking along on Oxford Street in central London, U.K., on Tuesday, Nov. 7, 2017. U.K. retail sales fell the most in seven months in October, indicating continued caution among consumers just weeks before the crucial Christmas shopping season.Photographer: Luke MacGregor/Bloomberg

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By David Goodman

November 13, 2017 at 11:31 AM UTC

This article is for subscribers only.

U.K. inflation is likely to remain above target for the next few years, according to the Bank of England chief economist.

Andy Haldane’s comments, in line with the BOE’s most recent forecasts, came in a blog post published on Monday describing his trip to Manchester on Nov. 3 , a day after the bank lifted interest rates to help curb price growth.