BoE's Broadbent - won't risk economy to meet inflation target: BBC

BoE's Broadbent - won't risk economy to meet inflation target: BBC
 

Bank of England Deputy Governor Ben Broadbent said the central bank would not raise interest rates for the sake of meeting its 2 percent inflation target if it risked hurting the economy, in an interview published on Monday.
Broadbent said raising rates could lead to "undesirable consequences" such as lower economic growth and higher unemployment, BBC News quoted him as saying.
His comments were similar to those of Governor Mark Carney, who said on Friday he was willing to allow inflation to run "a bit" higher than the target to help the economy grow.
British inflation... read more

 
17 October 2016 in Business, Views: 43
Source: Reuters
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