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MNI INTERVIEW (RPT): BOE Only Option Gradual Tightening–NIESR

(MNI) London

NIESR's Stephen Millard tells MNI the BOE's only option now is gradual tightening and that Bank Rate may stay higher for longer than assumed.

(Repeats article first published on May 23)

The Bank of England may have to keep interest rates higher for longer than policymakers appear to expect to dampen inflation, but it has missed its opportunity for aggressive tightening, National Institute of Economic and Social Research Deputy Director Stephen Millard told MNI.

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(Repeats article first published on May 23)

The Bank of England may have to keep interest rates higher for longer than policymakers appear to expect to dampen inflation, but it has missed its opportunity for aggressive tightening, National Institute of Economic and Social Research Deputy Director Stephen Millard told MNI.

Keep reading...Show less