Gertjan Vlieghe, who was alone in voting for an interest-rate cut at the latest Bank of England meeting, said the U. needs a range of stimulus to combat the impact of its decision to quit the European Union.
The Bank of Japan maintained its massive stimulus programme and its upbeat assessment of the economy on Friday, signalling its conviction that growth will strengthen enough to accelerate inflation to its 2 per cent target without more monetary.
BOJ's flawed goal risks upward price spiral: former deputy head
Bank of England policy maker Martin Weale said weak productivity growth may mean higher interest rates are needed in the short term to prevent demand putting a squeeze on the economy and boosting inflationary pressures.
Malaysia Plans Subsidy Cuts With 1MDB Raising Policy Risk
Higher inflation, weaker growth and a likely hit to the supply side of Britain's economy after June's vote to leave the European Union complicate the outlook for Bank of England policy, rate-setter Ian McCafferty said on Tuesday.