- Bank of England Chief Economist Andy Haldane: hiking interest rate too early could lead to another recession in the U.K.
Market news
29 June 2015
Bank of England Chief Economist Andy Haldane: hiking interest rate too early could lead to another recession in the U.K.
The Bank of England (BoE) Chief Economist Andy Haldane plans to tell students at the Open University on Tuesday that hiking interest rate too early could lead to another recession in the U.K.
"A policy of early lift-off could be self-defeating," he said.
Haldane thinks that the central bank should keep its interest rate unchanged for the short to medium term.
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