Home > Bank of England, Monetary Policy > Et tu, Broadbent?

Et tu, Broadbent?

I missed this Reuters report from Monday:

(Reuters) – Bank of England policymaker Ben Broadbent rejected a call from the International Monetary Fund to consider cutting interest rates further, saying it would not help businesses much and could discourage bank lending.

“As to whether (policy stimulus) is sufficient at the moment, then clearly it is,” he continued. “The forecasts in May were consistent, two years out, with roughly balanced risks on either side of the (inflation) target.”

Clearly“??? What world do these people live in?  Oh, that’s right – the world where all that matters is the CPI rate, inflation targeting world.

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