Economics
BOE’s McCafferty Says More Easing Will Likely Be Required
- Limited information making Brexit assessment difficult
- McCafferty writes opinion piece for The Times newspaper
Will BOE's Policy Measures Have Desired Impact?
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Bank of England policy maker Ian McCafferty said that officials will likely ease policy again if the economy develops in line with the central bank’s forecasts -- though they should take a gradual approach.
“More easing is likely to be required” if the U.K. economy slows as initial survey data suggests, McCafferty said in an opinion piece published in The Times newspaper. Even so, “easing policy further, until we are more certain of the balance between lower growth and rising inflation, risks pushing inflation yet further above the target.”