BOE’s Haldane: ‘Happy with where rates are, need to be vigilant for what happens next’

In an interview with BBC, the Bank of England (BOE) Chief Economist Andy Haldane once again touched upon the topic of rate hikes.

Key Quotes:

"We need to look seriously at the possibility of raising interest rates to keep the lid on those cost of living increases.

"For now we are happy with where the rates are, we need to be vigilant for what happens next".

Interest rates could "edge up" if the cost of living continues to rise.

People in Wales are facing a "squeeze" because pay is flat but the price of goods has gone up.