BOE’s Haskel: Depending on Brexit negotiations, expect a temporary lull in UK economy

More comments flowing in from the new appointed BOE MPC member Haskel, as he continues to testify before the Treasury Select Committee (TSC) in parliament.

Interest rates less effective in stimulating business investment as firms rely more on intangible assets. 

BOE needs to think about intangible assets when judging 'speed limit' at which rates might need to be raised. 

“I am a bit more optimistic about economic benefits of technological progress than some.”

Depending on Brexit negotiations, there may at least be a temporary lull in UK economy.