BOE's Haskel: Jobs market tightness means higher rates for longer

<ul><li>Labour market tightness continues to impart inflation pressures</li><li>This will need higher rates for longer to get inflation sustainably to target</li><li>Current outlook does not suggest scope for moderation in rates any time soon</li><li>This is why I have been voting for higher rates at recent meetings</li><li>At current rate of change, it would take at least a year to fall back to average pre-pandemic tightness</li><li>Rates will have to be held higher and longer than many seem to be expecting </li></ul><p>The BOE hawk is out with some hawkish comments.</p>

This article was written by Adam Button at www.forexlive.com.