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MNI BRIEF: Overtightening Would Risk Scarring - BOE's Dhingra

(MNI) LONDON
(MNI) London

MPC external member and lone voter for a February cut speaks at an MNI Connect event.

Bank of EnglandPolicy NewsCentral Bank NewsHomepageCEEMEABank Of England (BOE) Market NewsUKStoryRegion
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The restrictive stance of monetary policy will continue to weigh on economic growth and living standards, Bank of England external MPC member Swati Dhingra told an MNI Connect video conference, adding that overtightening would risk a hard landing and supply-side scarring.

Geopolitical tensions, the rise of industrial policy and the impacts of climate change are making it harder to predict the path of inflation, the MPC's leading dove and lone vote for a cut this month told the conference.

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The restrictive stance of monetary policy will continue to weigh on economic growth and living standards, Bank of England external MPC member Swati Dhingra told an MNI Connect video conference, adding that overtightening would risk a hard landing and supply-side scarring.

Geopolitical tensions, the rise of industrial policy and the impacts of climate change are making it harder to predict the path of inflation, the MPC's leading dove and lone vote for a cut this month told the conference.