# Bank of England's Haldane warns against hasty rate hike

> Bank of England policymaker Andy Haldane warned against a hasty interest rate rise. He said the sharp fall in sterling since the June Brexit vote is likely to push up inflation and hurt growth over the coming year.

- Date: 2016-12-02 · published 2016-12-02T12:00:00.000Z
- Category: macro · region UK · magnitude low
- Page: https://feedsoft.ai/events/73715-bank-of-england-s-haldane-warns-against-hasty-rate-hike
- Commodities: [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

A weaker pound raises import costs for UK feed and grain buyers, while a delayed BoE rate hike keeps borrowing costs low for UK livestock and feed businesses.

## Sources

- reuters.com: https://www.reuters.com/article/britain-boe-haldane-idUSL8N1DX2WB/?feedName=usDollarRpt&feedType=RSS

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.