Posen Says He’s ‘Comfortable’ With BOE’s Inflation Forecasts

Bank of England policy maker Adam Posen said he’s “comfortable” with the central bank’s forecasts for U.K. inflation and growth published this week after policy makers expanded stimulus.

“If you look at what we’re forecasting, assuming the policy we’ve now put in place, that gets us pretty close to target with risks pretty balanced,” Posen told reporters late yesterday at an event in Coventry, England, referring to policy makers’ 2 percent inflation goal.