Goodhart Says BOE Stimulus Hinges on Spending Cuts, GDP Report

The Bank of England’s decision on whether to expand its stimulus plan will hinge “quite a lot” on this week’s public-spending review and gross domestic product data due on Oct. 26, former policy maker Charles Goodhart said.

The case for adding stimulus is not “cut and dried,” he said in an interview in London today. “It will depend quite a lot on what the first estimate of third quarter GDP is” and “on what the reaction to the spending review itself is.”