In his annual report to the Treasury Select Committee, Bank of England (BoE) policymaker Alan Taylor said the British economy was edging closer to a “soft landing.” He added that policy would have to be judged carefully over the coming months, since the outlook remained fragile.
Key Quotes
My main concern has been to get inflation sustainably back to the 2% target, maintaining monetary policy restrictiveness as long as necessary but no longer.
The greater danger is that we get behind the curve, stay too tight in the short-term.
We are getting closer to the soft landing for UK economy now, but we are also in a fragile moment.
Read the full article here
