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