Rates may have to rise sooner to tame inflation threat, says Bank economist

Andy Haldane says there is a danger of central bank complacency letting tiger' out of the bag

Central bank complacency risks letting the inflation tiger" out of the bag, a senior Bank of England policymaker has said.

Adding to market jitters about the resurgence of price pressures as the global economy recovers from the Covid-19 pandemic, Andy Haldane said borrowing costs could need to go up sooner than the City expected to tame the inflationary threat.