BOE's Andy Haldane on the wires
- Early lift off for BOE interest rates could be self-defeating
- Current UK rates appropriate, I have no bias on whether rates will rise or fall next
- UK rate rise, however modest, would be seen as bad news by households and firms
- Odds are against BOE having enough room to cut rates when next recession comes, based on market rate expectations
- Growth in the UK remains solid if unspectacular
Dovish and quite downbeat comments from Haldane and it's sent the pound briefly down nearly 40 pips. Talk about looking at the bright side of life
