The Bank of England's chief economist has said the government's mini-budget, which led to the pound falling to a record low against the dollar, will require 'a significant monetary policy response'.
Why you can trust Sky News
The Bank of England's chief economist has said the government's mini-budget, which led to the pound falling to a record low against the dollar, will require"a significant monetary policy response". Speaking at the International Monetary Policy Forum, Huw Pill reasserted the Bank of England's willingness to act to rein in inflation.
"I think it's hard not to draw the conclusion that all this will require a significant monetary policy response. Let me leave it there," he said.Recent market conditions have created"additional challenges", he added.Mr Pill described Monday's announcement from the Treasury, which committed to a further, costed fiscal announcement in November with the oversight of the Office of Budget Responsibility and a spring budget, as"helpful".
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Bank of England says it will “not hesitate” to change interest rates if needs beBank of England says it will “not hesitate” to change interest rates if needs be 🔴 The Governor, Andrew Bailey, said the Bank is monitoring developments in financial markets” very closely”
Consulte Mais informação »
Pound sterling: Bank of England says it won't hesitate to raise interest rates - BBC News“The Labour party now has got its act together” Labour peer Peter Mandelson says the Conservatives have “thrown away” their reputation for fiscal discipline, and Labour can capitalise on this Newsnight
Consulte Mais informação »
Pain for mortgage holders as investors bet Bank of England to raise rates even higherInterest rates are now expected to rise to 6% next year, far above the 1.5% rate projected just months ago.
Consulte Mais informação »
Bank of England Says It Won't Hesitate to Hike Rates After Pound Falls to Historic LowThe Bank of England on Monday said it is monitoring financial market developments 'very closely' after a dramatic morning of market turmoil saw the British pound fall to an all-time low against the U.S. dollar.
Consulte Mais informação »