An uncertain U.K. outlook and the prospect of weaker-than-forecast inflation justify maintaining emergency policy settings, the Bank of England’s chief economist said on Thursday. “The case for raising interest rates is still some way from being made,” Andy Haldane told the Trade Union Congress in London. “A rate rise would increase unnecessarily the chances of the economy falling below critical velocity, thereby extending the period inflation remains below target.” In a speech that highlighted downside risks and increasing uncertainty, Haldane said there was more evidence of a “gentle slowing” of U.K. and world ... (full story)