Inflation gives people tough choices: BoE’s Haldane

FRANKFURT (Reuters) – Any delay in bringing UK inflation down to its 2 percent target forces cash-strapped consumers to choose which essential goods to buy, the Bank of England’s chief economist said in an interview published on Monday.

“Every delay gives many people a tough choice,” Haldane told German daily Handelsblatt, recalling a 2017 encounter with consumers forced to choose between cutting down on food or heating.

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