BOE mulls the merits of additional stimulus to secure a recovery
Bank governor Mark Carney says gradual and limited interest-rate hikes will keep inflation in check, but some MPC members are already pushing for a rate cut
09 January 2020 - 19:02
London — The Bank of England (BOE) is debating the merits of additional stimulus and has plenty of room to act to prop up the economy, according to governor Mark Carney. The pound fell on the comment.
While the economy appears to be strengthening, there may be a need to do more to secure the recovery. His dovish tone comes as two members of the monetary policy committee (MPC) are already pushing for a rate cut. The pound weakened as much as 0.6% and traded at $1.3035 as of 10.36am in London...
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