- BoE's MPC member Tenreyro: My most recent vote for more QE sought to guard against market dysfunction
Market news
30 November 2020
BoE's MPC member Tenreyro: My most recent vote for more QE sought to guard against market dysfunction
- We will assess vaccine news in next forecasts
- Expects that main economic boost from progress on COVID-19 vaccines will only come when jabs are rolled out
- BoE should prevent rising market interest rates from threatening the recovery
- Some households may delay spending until vaccines are actually reducing health risks
- Sees some reduction in uncertainty helping businesses due to vaccine
- My rationale for recent QE expansion was to mitigate the risk of any tightening in monetary conditions that might make it harder to bring inflation back to
- My view is that the reduction in uncertainty about vaccine production, makes it even more essential that we avoid those risks
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