11/23/2021, 12:18 PM (Source: TeleTrader)
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BoE's Haskel: Rate to rise if labour market stays tight

Member of Bank of England's Monetary Policy Committee Jonathan Haskel said on Tuesday that the bank rate will have to rise if the labor market stays tight. "Much of the current inflation is due to outside forces such as energy prices, but the labor market is tight and we have to be vigilant," he stated.

"In my view the prospective rise in Bank Rate from its emergency level - when that comes - is not a bug, but a feature. It reflects the success of the policies, mostly fiscal, health and science that have supported the economy over the pandemic," Haskel noted.

Baha Breaking News (BBN) / DJ