BoE should hold rates until pressures have eased, Haskel says

Changes to labour market estimates helped shift policy decisions, MPC member says

Jonathan Haskel
Jonathan Haskel
Jason Alden

The Bank of England (BoE) should keep holding rates until inflationary pressures have clearly faded, said Jonathan Haskel, a member of its monetary policy committee (MPC).

“I would rather hold rates until there is more certainty that underlying inflationary pressures have subsided sustainably,” Haskel said at King’s College London on July 3.

Haskel is among the more hawkish members of the MPC, having voted for a rate hike in February 2024 before switching stance to hold since March. He is due to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account