BoE officials united over Covid response despite split over UK prospects
Disagreement about speed of recovery is unlikely to prompt much debate over monetary-policy response
03 August 2020 - 08:22
London — Bank of England (BoE) officials may be increasingly diverging on the prospects for Britain’s post-Covid economy, but that disagreement hasn’t yet become a schism on how to respond.
A widening split over the speed of the recovery from the country’s worst growth shock in living memory looks unlikely to prompt much of a debate over the monetary-policy response for now. That is despite chief economist Andy Haldane’s dissenting vote against expanding bond purchases in June...
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