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.
Market reaction
GBP/USD fails to find any inspiration from the hawkish BoE commentary, currently trading at 1.2635, almost unchanged on the day.
This article was originally published by Fxstreet.com. Read the original article here.