• BoE's chief economists Haldane: Main challenge over next 3 years for MPC is likely to continue to be assessing ongoing effects of the Covid crisis

Notícias do Mercado

20 julho 2020

BoE's chief economists Haldane: Main challenge over next 3 years for MPC is likely to continue to be assessing ongoing effects of the Covid crisis

  • Expects inflation to pick up next year
  • Notes greater than usual uncertainty in outlook
  • Long-term economic scarring inevitable
  • Inflation is likely to fall further in the 2nd half of the year in part due to effects of ongoing weaker demand
  • There is a risk unemployment could rise sharply to levels last seen in early 1980s
  • Says that reviewing and doing negative rates are "quite different things"
  • There is also work underway on other potential instruments available to MPC for example further rounds of QE, credit easing policies and forward guidance

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