MNI BRIEF: BOE Tenreyro: Some Scenarios Need Looser Policy

Bank of England Monetary Policy Committee member Silvana Tenreyro made clear Friday that she could support further policy easing if downside risks materialize, putting her on teh same page as other independents on the policy setting committee. Speaking at a San Francisco Fed event she said that a likely rise in near-term inflation, due to higher energy prices and supply bottlenecks, may prove unsustainable but that a rise in unemployment, slow Covid vaccine roll-out in key UK export markets and the risk of Covid vaccine defying mutations could all require "looser policy later this year."