Tight policy not the right policy, says Bank of England expert - short news
Monetary policy committee member warns against choking off UK economy to combat inflation
The Bank of England would risk choking off recovery with an over-hasty tightening of policy to combat a temporary rise in inflation, one of its policymakers has said.
Prof Jonathan Haskel, one of the eight members of Threadneedle Street’s interest rate-setting monetary policy committee (MPC), said the twin headwinds of the Delta variant of the coronavirus and the withdrawal of support..
source: The Guardian - 19.07.2021