The Bank of England's policymaker, Haskel, emphasized the importance of a more flexible labor market in achieving the central bank's 2% inflation target. Haskel's remarks come at a time when the UK economy is facing challenges due to the ongoing impact of the COVID-19 pandemic.
According to Haskel, a looser labor market could help support economic growth and contribute to reaching the desired inflation rate. The central bank has been striving to maintain stable prices and support the overall economic recovery.
