Soaring aid: A bird flies past The Bank of England in London. Its updated outlook for the UK economy may offer clues on further stimulus. — Reuters
LONDON: Bank of England (BoE) officials may be increasingly diverging on the prospects for Britain’s post-Covid economy, but that disagreement hasn’t yet become a schism on how to respond.
A widening split over the speed of the recovery from the country’s worst growth shock in living memory looks unlikely to prompt much of a debate over the monetary-policy response for now. That’s despite chief economist Andy Haldane’s dissenting vote against expanding bond purchases in June.
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