“I still see the current monetary policy stance as appropriate, given the current degree of uncertainty around the health and economic outlook, “the Bank of England (BoE) Deputy Governor Dave Ramsden, as reported by Reuters.
Featured statements:
“The QE is a policy tool that has worked“.
“It remains appropriate for the policy to lean heavily on downside risks to the outlook.”
“The very welcome progress with the vaccination program has reduced the number of uncertainties and risks, but by no means have they completely disappeared.”
“For me, QE is the marginal monetary policy tool today.”
“If necessary, the BoE could reassess some of its self-imposed limitations on gold purchases to create more margin. “
“Our work on negative rates is contingency planning“.
Market reaction
The pair GBP/USD It was down slightly after these comments and was last seen shedding 0.45% daily at 1.3840.
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