Comments from Bank of England Chief Economist Andrew Haldane:

  • Housing bubbles can be hard to identify
  • Household debt may be an issue when rates rise
  • Level of household debt remains a worry
  • Some dissent about how useful forward guidance is
  • Scope of disagreement likely to pick up as MPC comes closer to raising rates
  • Cannot say if he’s likely to deviate from the pack or be in line
  • Interest rates likely to rise gradually, not immediate

Looks like Carney might have to quell some dissent. Haldane joins the MPC in June.

Update: an earlier version of this story attributed the comment to Spencer Dale, we regret the error.