Bank of England rift as chief economist ponders interest rate rise

Andy Haldane reveals he seriously considered opposing governor Mark Carney in MPC vote earlier this month

Signs of a deepening rift on the Bank of England’s monetary policy committee have emerged after Threadneedle Street’s chief economist revealed he seriously considered opposing the governor, Mark Carney, and voting for an interest rate rise earlier this month.

Just 24 hours after Carney said the state of the economy and the uncertainty caused by Brexit meant borrowing costs should stay on hold, Andy Haldane said it would be prudent to tighten policy before the end of the year.

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