Bank of England Chief Economist Andy Haldane speech at the Royal College of Medicine in London (Reuters):
- Says he is watching “like a dove” for signs that expectations of very low inflation in Britain could become entrenched
- Haldane likened controlling inflation to taming a tiger
- Said that while it looked as though central banks had succeeded, declining inflation expectations in many countries showed the tiger was capable of “biting back”
- Noted that inflation expectations have been falling in Japan, as well as the euro zone and, to a lesser extent, the United States
He hasn’t given the speech yet, but here is the text, to be given at the ‘Leadership: stress and hubris conference’ hosted by the Royal Society of Medicine, London: Central bank Psychology
