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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