Risks to activity remain skewed to the downside – Jonathan Haskel

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Jonathan Haskel, Member of the Monetary Policy Committee (MPC) of the Bank of England (BoE), said on Friday that risks to activity remain skewed to the downside, as reported Reuters.

Key statements

“Remain open to the possibility that the economy may need more support to bring inflation back on target.”

“Ready to implement, as and when necessary, all the tools available to the MPC.”

“It is prudent for banks to start preparing for negative rates, regardless of the currently desired policy stance.”

“Seeing a relatively small risk of sustained inflation above target for the next two years.”

“My views on the supply outlook are balanced.”

Market reaction

The pair GBP/USD It did not show an immediate reaction to these comments and was last seen shedding 0.35% on the day at 1.3847.

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