Tue, Jan 31, 2023 @ 16:44 GMT
HomeLive CommentsBoE Saunders: Quite likely additional easing will be appropriate

BoE Saunders: Quite likely additional easing will be appropriate

BoE MPC member Michael Saunders said it’s “quite likely that additional monetary easing will be appropriate in order to achieve a sustained return of inflation to the 2% target”. “My hunch is that risks lie on the side of weaker growth and a longer period of excess supply than forecast,” he added.

Regarding post-Brexit outlook, he said, “risks probably lie on the side of a thinner trade deal, a less-smooth transition, or more persistent Brexit-related uncertainty. More generally, global trade policy uncertainty remains high.”

 

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