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BOE’s Haskel Says It Would Be a Mistake to Tighten Policy Now

From bnnbloomberg.ca

Bank of England policy maker Jonathan Haskel signaled he remains opposed to paring back stimulus for the economy now, saying the U.K. faces headwinds from a tighter fiscal stance and from a surge in the delta variant of the coronavirus. The remarks indicate divisions on the central bank’s Monetary Policy Committee likely to play out next month as the eight-member panel debates how to respond to an unexpected jump in inflation above its 2% target. Two members of the MPC last week said the BOE should consider reining in its bond-buying program. Haskel, who for months has been on the dovish end of the debate, ... (full story)

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  • Category: Fundamental Analysis