BoE rate setter Haskel: 'Further increases in interest rates cannot be ruled out'

Inflation remains ‘too high’

Jonathan Haskel, external member of the Monetary Policy Committee, has said the Bank of England cannot rule out further interest rate hikes as inflation remains too high.

Writing for The Scotsman on Monday (12 June), Haskel said that as difficult as current circumstances are, "embedded inflation would be worse". Haskel said although wholesale energy prices are a lot lower than their recent peaks, and some other costs of businesses have also been growing less rapidly, inflation "remains much too high".  Saxo offers investors SONIA-linked interest on uninvested cash "On the MPC, we remain committed to bringing it back to our 2% target, and that is what we will do. Our tool for doing this is interest rates," he said.  The economist and professor of ...