FOREX TradingCharts.com

Financial News: BoE's Haskel Says Monetary Policy Tightening Is Not

BoE's Haskel Says Monetary Policy Tightening Is Not Right Option

07/19/2021 - 09:06:00 (RTTNews)

(RTTNews) - Bank of England Policymaker Jonathan Haskel said the tightening of monetary policy is not the right choice for the foreseeable future.

"In the immediate term, the risk of a pre-emptive monetary tightening curtailing the recovery continues to outweigh the risk of a temporary period of above-target inflation," he said in an online webinar on Monday. "For the foreseeable future, in my view, tight policy isn't the right policy," said Haskel.

The higher oil price will provide a temporary boost to expected CPI inflation readings to above 3 percent by the end of the year, the policymaker noted. These pressures and erratic data readings should be temporary and therefore could be looked through, he said.

As much of inflation will be high temporarily due to the low base and the economy is fully not recovered yet and faces two headwinds over the coming months: the highly transmissible Delta variant and a tightening of the fiscal stance, tightening of monetary policy would not be the correction option.

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com. All Rights Reserved

Market News provided by RTTNews

RECENT INTERNATIONAL FINANCIAL NEWS


Portugal GDP Rebounds In Q2 (04 hr(s), 53 min(s), 24 sec(s) ago)
(RTTNews) - Portugal's economy expanded in the second quarter after contracting in the previou ...Full Story»

Austria Economy Rebounds In Q2 (05 hr(s), 11 min(s), 24 sec(s) ago)
(RTTNews) - Austria's economy rebounded strongly in the second quarter to exit a recession, pr ...Full Story»

U.S. Consumer Sentiment Drops Slightly Less Than Initially Estimated In July (06 hr(s), 20 min(s), 24 sec(s) ago)
(RTTNews) - Revised data released by the University of Michigan on Friday showed consumer sentimen ...Full Story»

Chicago Business Barometer Unexpectedly Indicates Faster Growth In July (06 hr(s), 41 min(s), 24 sec(s) ago)
(RTTNews) - A report released by MNI Indicators on Friday unexpectedly showed a notable accelerati ...Full Story»

Italy GDP Growth Accelerates In Q2 (07 hr(s), 37 min(s), 24 sec(s) ago)
(RTTNews) - Italy's economy expanded at a faster pace in the second quarter, the preliminary e ...Full Story»

U.S. Personal Income Unexpectedly Inches Higher In June (07 hr(s), 44 min(s), 24 sec(s) ago)
(RTTNews) - Personal income in the U.S. expectedly saw a slight increase in the month of June, acc ...Full Story»

Eurozone Economy Bounces Back From Pandemic Driven Downturn (07 hr(s), 52 min(s), 24 sec(s) ago)
(RTTNews) - The euro area economy recovered in the second quarter, after two straight quarters of ...Full Story»

U.S. Personal Income Unexpectedly Inches Up 0.1% In June (08 hr(s), 23 min(s), 24 sec(s) ago)
(RTTNews) - Personal income in the U.S. expectedly saw a slight increase in the month of June, acc ...Full Story»

Search

INTERNATIONAL FINANCIAL NEWS

Portugal GDP Rebounds In Q2

07/30/2021 - 12:07 PM (RTTNews)
(RTTNews) - Portugal's economy expanded in the second quarter after contracting in the previou ...Full Story>>

Austria Economy Rebounds In Q2

07/30/2021 - 11:49 AM (RTTNews)
(RTTNews) - Austria's economy rebounded strongly in the second quarter to exit a recession, pr ...Full Story>>

U.S. Consumer Sentiment Drops Slightly Less Than Initially Estimated In July

07/30/2021 - 10:40 AM (RTTNews)
(RTTNews) - Revised data released by the University of Michigan on Friday showed consumer sentimen ...Full Story>>

Chicago Business Barometer Unexpectedly Indicates Faster Growth In July

07/30/2021 - 10:19 AM (RTTNews)
(RTTNews) - A report released by MNI Indicators on Friday unexpectedly showed a notable accelerati ...Full Story>>

Italy GDP Growth Accelerates In Q2

07/30/2021 - 09:23 AM (RTTNews)
(RTTNews) - Italy's economy expanded at a faster pace in the second quarter, the preliminary e ...Full Story>>

Do not sell my personal information

Copyright © 2021. All market data is provided by Barchart Solutions. Information is provided "as is" and solely for informational purposes, not for trading purposes or advice. To see all exchange delays and terms of use, please see disclaimer.