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- BoE’s chief economist Pill: BoE's plans to unwind stock of asset purchases in the best way forward at this stage
BoE’s chief economist Pill: BoE's plans to unwind stock of asset purchases in the best way forward at this stage
- Negative interest rates are both feasible and likely to ease monetary conditions
- I do expect interest rates to remain at relatively low levels for the coming years, even as impact of the COVID-19 pandemic recede
- Balance of risks is currently shifting towards great concerns about inflation outlook
- I would emphasise that risks to the economic and inflation outlook are again clearly becoming two-sided
- Current strength of inflation looks set to prove more long-lasting than originally anticipated
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