LONDON, June 29 (Reuters) - Bank of England chief economist Andy Haldane said on Thursday that the central bank needs to "look seriously" at raising interest rates to keep a lid on inflation, even though he was happy with their current level.
"We need to look seriously at the possibility of raising interest rates to keep the lid on those cost of living increases," Haldane told the BBC during a visit to Wales.
"For now we are happy with where the rates are, we need to be vigilant for what happens next."
Last week Haldane surprised financial markets by saying he was likely to vote for an interest rate hike this year. (Reporting by Andy Bruce, editing by David Milliken)