Bank of England Chief Economist Andrew Haldane: the central bank should lower its interest rate to boost inflation

Market news

18 September 2015

Bank of England Chief Economist Andrew Haldane: the central bank should lower its interest rate to boost inflation

The Bank of England Chief Economist Andrew Haldane said in a speech on Friday that the central bank should lower its interest rate to boost inflation.

"Were the downside risks I have discussed to materialise, there could be a need to loosen rather than tighten the monetary reins as a next step to support UK growth and return inflation to target," he said.

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