BoE's MPC member Haskel: Near-term risks skewed to the downside

Market news

5 October 2020

BoE's MPC member Haskel: Near-term risks skewed to the downside

Sees material amount of spare capacity in UK economy
Expects medium-term supply side issues from COVID
Expects temporary period of subdued inflation pressure
Sees growing evidence that social consumption is hurt by fears of COVID
Says he stands ready to vote for more stimulus if needed

U.S.: ISM Non-Manufacturing, September 57.8 (forecast 56.3)

U.S.: Services PMI, September 54.6 (forecast 54.6)

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