July 2, 2018 / 5:23 PM / 3 months ago

Inflation gives people tough choices: BoE's Haldane

FRANKFURT, July 2 (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. (Reporting By Francesco Canepa Editing by Matthew Mpoke Bigg)

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