Economics

Haldane Says U.K. at ‘Dangerous Moment’ as Inflation Heads to 4%

Bank of England’s chief economist urges action in final speech
Thinking on inflation at central banks is starting to shift

Andy Haldane
Photographer: Jason Alden/Bloomberg

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By Lizzy Burden and Marc Davies

June 30, 2021 at 12:05 PM UTC

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Bank of England Chief Economist Andy Haldane said inflation is likely to finish the year close to 4%, posing the biggest challenge to policy makers since the pound plunged in 1992.