Jonathan Haskel, Member of the Monetary Policy Committee (MPC) of the Bank of England (BoE), is delivering his comments on the state of the economy and political prospects at the Treasury Select Committee hearing.
Key statements
“Vaccine deployment faster than the government plans is an upside risk to the economy.”
“The downside risks to the February forecasts are much more frequent.”
“I am concerned about the dampening effect of the high uncertainty on trade links between the UK and the EU.”
“The ability of companies to pay their debts and avoid insolvency represents a considerable downside risk.”
“The risk that worries me most is highly communicable COVID variants.”
“The risks to activity are very downward, the risks to supply are balanced.”
“We are less convinced that increased home work will produce added productivity benefits.”
Market reaction
The pair GBP/USD It did not show an immediate reaction to these comments and was last seen posting small daily gains at 1.4125.
.
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
