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BoE's Haldane sees mixed signals from regional visit

Wed, 29th Jul 2020 10:03

LONDON, July 29 (Reuters) - Bank of England chief economist
Andy Haldane said he saw mixed signals about the economy after a
series of online meetings with businesses and community groups
in northeast England.

Haldane, who voted against expanding BoE stimulus last
month, said estate agents had seen a rapid rebound in activity
since reopening in May, probably reflecting pent-up demand.

"While the outlook is inevitably uncertain, given the
possibility of further job losses, most felt relatively upbeat
about the outlook. So far, then, so good," he wrote in an
article for regional business publication North East Times
Magazine.

Community groups offered a gloomier assessment, however.

"People previously 'just about managing' have suddenly found
themselves struggling, increasingly reliant on food banks,"
Haldane said.
(Reporting by David Milliken, editing by Andy Bruce)

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