Reported about 1 year ago
Jonathan Haskel, a member of the Bank of England's Monetary Policy Committee, indicated that he plans to maintain interest rates at a 16-year high in the upcoming meeting, citing worries about high inflation due to a tight labor market. Despite some signs of encouraging inflation trends, Haskel stressed the need to see more evidence of sustained reduction in underlying inflationary pressures before considering rate cuts, setting up a potential divide within the committee in the next meeting on August 1.
Source: YAHOO