Comments by BOE chief economist Andy Haldane
- Output gap is close to being eliminated
- Can no longer afford to run the economy hot
- Impact of rate hikes so far modest
- Tightening would be reducing accommodation gradually
- UK growing at current pace would need more hikes
Mild hawkish tones but nothing that really stands out from Haldane so far. The pound is off the lows for the day with GBP/USD trading at 1.3135 as EUR/GBP is near the lows for the day at 0.8908 currently.
