More slack in Britain's labour market is needed to be confident that inflation will stay at 2%, Bank of England policymaker Jonathan Haskel said on Tuesday. "The labour market is central to the inflation aspect," Haskel said at a seminar at City University's Bayes Business School when asked if he now thought it possible inflation would hold at 2% rather than rise later this year. Last month the BoE forecast inflation would fall below 2% in the second quarter of 2024, before rising towards 3% later in the year, but last week BoE Deputy Governor Dave Ramsden said he thought inflation might now stay close to 2%. Haskel ... (full story)