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19 Jul 8:24am

Tight policy not the right policy, says Bank of England expert

The Guardian
Monetary policy committee member warns against choking off UK economy to combat inflation The Bank of England would risk choking off recovery with an over-hasty tightening of policy to combat a temporary rise in inflation, one of its policymakers has said. Prof Jonathan Haskel, one of the eight members of Threadneedle Street’s interest rate-setting monetary policy committee (MPC), said the twin headwinds of the Delta variant of the coronavirus and the withdrawal of support from the government meant “tight policy is not the right policy”.
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