Economics
BOE’s Haskel Says He Stands Ready to Vote for More Stimulus
- Policy maker says U.K. economic riks are to the downside
- Haskel also notes postive impact of negative interest rates
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Bank of England policy maker Jonathan Haskel said he’s prepared to back more monetary support for the U.K. if necessary as he warned that the near-term risks to the economy lie to the downside.
Haskel, considered one of the more dovish members of the Monetary Policy Committee, helped lead the charge for the BOE’s previous round of stimulus. Speaking in a webinar on Monday, he said that a “material amount” of spare capacity has emerged and that he anticipates a temporary period of subdued inflation pressure.