BoE’s Haldane: Would have raised rates in May had data held firm

The Bank of England chief economist Andy Haldane is delivering his prepared remarks at the Academy of Social Sciences Annual Lecture, in London, with key quotes, via Reuters, found below.

  • Would have raised rates in May had data held firm.
  • Lifting public pay cap for health workers could have knock-on effects in private sector.
  • Voting for 25 bps rate hike Hardly either surprising or radical.
  • 25 bps rate hike would still leave UK monetary conditions extraordinarily accommodative historically.

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