© Reuters. FILE PHOTO: The Chief Economist of the Bank of England, Andy Haldane, listens from the audience at an event at the Bank of England in the City of London
LONDON (Reuters) – Bank of England Chief Economist Andy Haldane said progress on developing COVID-19 vaccines, combined with huge amounts of stimulus pumped into economies this year, meant inflation could rise by more than expected in the medium term.
“As the economic recovery gathers pace next year, it will be important central banks remain squarely focussed on their core medium-term price stability mandates,” Haldane said in a speech to a University College London webinar on Saturday.
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