Economics
BOE’s Haskel Says It Would Be a Mistake to Tighten Policy Now
- Remarks contrast with two calls to weigh a cut in stimulus
- Policy makers meet next month to discuss jump in inflation
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Bank of England policy maker Jonathan Haskel signaled he remains opposed to paring back stimulus for the economy now, saying the U.K. faces headwinds from a tighter fiscal stance and from a surge in the delta variant of the coronavirus.
The remarks indicate divisions on the central bank’s Monetary Policy Committee likely to play out next month as the eight-member panel debates how to respond to an unexpected jump in inflation above its 2% target. Two members of the MPC last week said the BOE should consider reining in its bond-buying program.