Economics
BOE’s Biggest Dove Suggests Only Small Policy Tightening Is Needed
- Tenreyro warns of trade-offs in a quick move to halt inflation
- Policy maker sees pace of gains easing in the next few years
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Bank of England policy maker Silvana Tenreyro said “only a small amount of policy tightening” is needed, warning about the trade-offs that central banks face in moving too quickly to curb inflation.
The most dovish member of the BOE’s monetary policy committee said price rises had proved more persistent than expected but there was too much uncertainty to know how the path of tightening will evolve.