BoE’s Haskel warns against rushing to cut interest rates

In an interview with the Financial Times (FT) on Thursday, Bank of England (BoE) policymaker Jonathan Haskel warned against rushing to cut interest rates.

Haskel said that “I think cuts are a long way off.”

Additional quotes

Fall in headline inflation is very good news.

But what we really care about is persistence and underlying inflation.

Does not think headline inflation gives a good guide on persistence.

Vote change is because there were improvements in critical indicators of inflation.