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MNI BRIEF: BOE Haskel: Very Aware Of Supply Constraints

LONDON (MNI)

Bank of England Monetary Policy Committee member Jonathan Haskel downplayed the likely record breaking growth in the Covid recovery Wednesday, saying that it is a temporary effect. "If there is a lot of scarring then it is possible when demand comes back again that it might run into ... supply constraints," he said.

"We are very cognisant at the Bank that there are supply constraints, shipping prices have gone up, there are delays in containers," he said at a Dartmouth seminar, noting that the BOE's accommodative policy was aimed at reducing scarring.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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