BoE's Monetary Policy Committee member Tenreyro: Cannot say if policy will need to loosen or tighten in future due to inflation uncertainty

Market news

16 April 2020

BoE's Monetary Policy Committee member Tenreyro: Cannot say if policy will need to loosen or tighten in future due to inflation uncertainty

Says that after lockdown ends, there will be both inflationary and disinflationary pressures
Balance of forces leans towards deflationary pressures, depends on the length of lockdown and policy effectiveness
Despite the policy responses, we will not be able to avoid a rise in unemployment, which will weigh on real wage growth across the economy

U.S.: Housing down, UI Claims up and manufacturing down – BMO

Canada’s manufacturing sales unexpectedly increase in February

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