Maverick’s Last Shot at BOE Will Sound Inflation Alarm: Eco Week
The Bank of England’s chief economist is poised to sound an alarm bell on inflation before he leaves the building.
Andy Haldane is likely to emphasize the risk of price growth getting out of control when he attends his final Monetary Policy Committee decision on Thursday. He’s been the sole advocate on the panel for dialing down stimulus and outspoken on the growing threat of inflation, warning this month that the U.K. is at a “dangerous moment.”
The BOE’s disagreement on the risks is part of a wider soul-searching in global monetary policy on whether a rebound from the pandemic could sow the seeds of a worrying spiral in consumer prices. Just last week, the Federal Reserve revealed its own surprising disquiet as it signaled the eventual possibility of faster…