article_snippet: Interest rates could be slashed even closer to zero to keep Britain’s economic recovery on track, a senior Bank of England official suggested yesterday.
article_snippet: Chief economist Andy Haldane said rates may need to be cut again – having been frozen at 0.5 per cent for more than six years
article_snippet: – if inflation threatened to stay too low for too long after inflation tumbled to 0.3 per cent – its lowest level since 1960.
article_snippet: Chief economist Andy Haldane intervention sent sterling tumbling on global currency markets and came days after Bank Governor Mark Carney said a cut would be ‘extremely foolish’.
article_snippet: Chief economist Andy Haldane said: ‘The chances of a rate rise or cut are broadly evenly balanced.