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BoE's Vlieghe sees policy outlook pointing to more stimulus

Tue, 20th Oct 2020 10:36

LONDON, Oct 20 (Reuters) - Bank of England policymaker
Gertjan Vlieghe said on Tuesday that the central bank could well
need to add more stimulus to the economy as risks to jobs and
the economy grew in response to rising COVID cases.

"In my view, the outlook for monetary policy is skewed
towards adding further stimulus," Vlieghe said in a speech
published by the BoE.

"Given that virus prevalence has been increasing again
recently, it is likely to weigh more heavily on economic
activity. Indeed, it appears that the downside risks to the
economic outlook are starting to materialise," he added.
(Reporting by David Milliken and Andy Bruce; editing by Michael
Holden)

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