BoE's Vlieghe sees policy outlook pointing to more stimulus

© Reuters. Gertjan Vlieghe, BoE Monetary Policy Committee Member speaks at Newsmaker at Reuters

LONDON (Reuters) – Bank of England policymaker Gertjan Vlieghe said on Tuesday that the central bank could well need to add more stimulus to the economy as risks to jobs and the economy grew in response to rising COVID cases.

“In my view, the outlook for monetary policy is skewed towards adding further stimulus,” Vlieghe said in a speech published by the BoE.

“Given that virus prevalence has been increasing again recently, it is likely to weigh more heavily on economic activity. Indeed, it appears that the downside risks to the economic outlook are starting to materialise,” he added.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

READ  1990s collectible cars: Cadillac Eldorado, Lincoln Town Car, Toyota Supra among classics



Please enter your comment!
Please enter your name here