Monetary policy should not try to compensate for short-term shocks – Silvana Tenreyro

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I expect the bottlenecks in the supply chain to fade next year.“The Bank of England (BOE) policymaker said on Friday. Silvana Tenreyro, as reported by Reuters.

Featured statements

“The job market uncertainty it’s the main short-term uncertainty that I focus on. “

“Monetary policy shouldn’t try to offset short-lived shoks, but central banks are in compensation territory.”

“Labor market data is particularly difficult to read in many economies.”

“Great uncertainty about how quickly workers who have received leave will find work.”

Market reaction

The pair GBP/USD It did not show an immediate reaction to these comments and was last seen shedding 0.27% on the day at 1.3462.

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