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26.07.2021, 11:18

BoE's MPC member Vlieghe: Would be comfortable to cut bank rate to -0.50% or -0.75% if more stimulus is required the next time

  • I think it will remain appropriate to keep current stimulus in place for several quarters at least, and probably longer
  • When tightening becomes appropriate, I suspect not much of it will be needed
  • I have not changed my view that this inflation peak is likely to be temporary
  • We are not out of the woods yet in terms of virus and impact on economy
  • Impact of further rate cut is likely to decline, though overall impact is still positive
  • The next time monetary stimulus is needed, I'd be fine with decreasing bank rate to -0.5% or even -0.75%

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