9 Jun 2021
BOE’s Haldane: UK economy is going gang-busters
We need to keep up momentum to get people into work and people back out
Need to keep spending demand in economy strong
Some pay rises might be needed
We see already some pretty punchy pressures on prices
If pay and costs are picking up, inflation on the high street isn't very far behind
We may need to start turning off the stimulus tap
We could start tightening the tap on qe
We could ultimately start to turn qe around
We need not to become too dependent on monetary medicine
In future we can't always be on emergency monetary measures
Hopes there will not be big falloff in jobs market when furlough scheme ends
Risk for me is that we might overshoot 2% inflation for longer than planned