BOE Policy Action Is ‘Short-Term Balm,’ Haldane Writes in Times

  • Monetary policy is only short-term balm, BOE economist says
  • U.K. economy faces structural problems that must be addressed

Monetary policy is only a “short-term balm” that can’t fully insulate the U.K. from the long-term impacts of the vote to leave the European Union, Bank of England Chief Economist Andrew Haldane wrote in the Sunday Times.

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