Economics
Bank of England’s Divisions Resurface on U.K. Economic Outlook
- Forecast of a ‘rip-roaring recovery’ draws skepticism
- Speeches highlighting risks to economy halt rise in yields
Outside the Bank of England in London, U.K., on March 22.
Photographer: Jason Alden/BloombergThis article is for subscribers only.
With confidence growing that a recovery is just around the corner in the U.K., divisions are hardening at the Bank of England over how the economy will unfold.
Those splits were on display in a series of appearances by members of the Monetary Policy Committee this week. They pit BOE Chief Economist Andy Haldane, who believes Britain is set for a rapid recovery, against officials including Silvana Tenreyro who say another jolt of stimulus may yet be needed.