Central Banks
BOE’s Haskel Warns Against Rushing to Cut Interest Rates
- MPC member comments in interview with Financial Times
- Haskel joins fellow hawk Mann in pushing back on expectations
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Bank of England rate setter Jonathan Haskel said interest-rate cuts should be “a long way off” in an interview with the Financial Times.
The external member of the Monetary Policy Committee said that he would favor both a later start and a slower pace of monetary easing. Currently, markets are pricing in almost three quarter-point reductions this year, starting in August.