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​MNI BRIEF: BOE Vlieghe: Supply Rise Entails Heavy Stimulus

(MNI) LONDON
LONDON (MNI)

Bank of England Monetary Policy Committee member Gertjan Vlieghe rejected the idea that the looming fast rebound in growth entails that little stimulus is now needed, telling a King's College Business School event that as much of the decline in supply due to the Covid shock is temporary, this means that "over the coming quarters the economy needs to grow very fast in order to keep up with that (upcoming) increase in the supply capacity" and this entails that "the economy needs a lot of stimulus."


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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