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Biggest risk in raising rates is being too fast, says Haskel

Britain’s new Bank of England ratesetter has revealed himself as a Brexit sceptic who is less likely to vote for interest rate rises than the man he is replacing.

Jonathan Haskel, an economics professor at Imperial College, told the Treasury select committee that Brexit could cause a “temporary lull in the economy” and that the biggest risk in raising rates would be if it were “done too quickly”.

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