BoE’s Haskel says rate cuts ‘are a long way off’, FT reports

By Thomson Reuters Mar 28, 2024 | 12:11 AM

(Reuters) – Bank of England interest-rate setter Jonathan Haskel said he was not preparing to vote for rate cuts, the Financial Times reported on Thursday.

“Although the fall in headline inflation is very good news, it is not informative about what we really care about: what we really care about is the persistent and the underlying inflation” Haskel told the FT.

“I think cuts are a long way off.”

(Reporting by Harshita Meenaktshi in Bengaluru; Editing by Kim Coghill)