BoE's Haldane says UK inflation is likely to be above 2% by the end of 2021
Bank of England Chief Economist Haldane
- UK inflation is likely to be above 2% target by the end of 2021
- in a year from now its realistic to expect UK GDP growth in the double-digits
- housing market is 'going gangbusters'
- But the miracle could turn to ashes if it sparks a wave of inflation, he warns. He is, therefore, calling for the Bank to rein back the extraordinary scale of its quantitative easing or money-printing to nip the risk of runaway price rises in the bud.
Haldane in the local UK bikini-pic press with those comments, link for more
more to come