Market news
29.03.2021, 13:56

BoE's MPC member Vlieghe: A couple of quarters of growth doesn't mean the BoE should change monetary stance or step on brakes

  • It’s been a completely unprecedented economic downturn
  • We need fast growth to close the gap versus the pre-pandemic path of the economy
  • Inflation should not be seen as one-off price increases, but sustained pressure
  • Bank rate should not be linked to short-term growth in the economy

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