Economics
Safer for BOE to Ease Too Much Rather Than Too Little, Saunders Says
- Policy maker has already voted to increase bond purchases
- Michael Saunders gives a speech in Bank of England webinar
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It’s safer for the Bank of England to ease too much rather than too little as it responds to the coronavirus pandemic, according to policy maker Michael Saunders.
The U.K. is at risk of a relatively slow recovery from the crisis, which could prove especially damaging, Saunders said on a webinar Thursday. Failing to add more stimulus now could see the economy slip into a “lowflation trap.”