Bank of England's chief economist Andy Haldane on Sky News
This is from an interview with Sky News
Has not crossed other news services (eg. Bloomberg, Reuters)
- "In the September minutes in particular, a majority of the committee - of which I am one - said that we could be nearing the point where a reduction in some degree of monetary stimulus might be warranted in the coming months."
- And let's be clear here: for me that would be a good news story. This would be interest rates getting back to normal, even if the new normal is different to the old normal.
- This would be a sign of the economy healing, and therefore adjusting to that healing process. So rather than being a source of fear or trepidation, this ought to be a good news story about the economy proving resilient."
(bolding is mine)
As I update his comments are now being picked up on Bloomberg
GBP doing as near as it possibly can to nothing ....
