By JULIAN SHEA in London | China Daily Global | Updated: 2021-07-02 09:44 Share CLOSE The Chief Economist of the Bank of England, Andy Haldane, listens from the audience at an event at the Bank of England in London, April 27, 2018. [Photo/Agencies] The Bank of England's chief economist has used his farewell speech to warn that British bankers should devote more attention to the rising cost of living, and has warned that inflation could lead to interest rate rises which would be a nasty shock for consumers. Andy Haldane, who has been at the Bank for 32 years, made the comments as he left its Monetary Policy Committee, or MPC, and said that the economy was "surfing as high a wave as any in its history".