Bank of England Monetary Policy Committee member Jonathan Haskel says it was “appropriate” for the Bank “not to react” in 2021, even as inflation climbed to 5% and interest rates remained at historic lows.
Speaking at Warwick University, Haskel - one of the nine economists tasked with setting interest rates in the UK - looked at why inflation spiked to 11% last year, and whether it will continue to come back down.
