The search for a new deputy governor for the Bank of England enters the shortlist stage today with economists seeing no clear favorite to replace Charles Bean, the third top official to exit the central bank in less than a year.
Bank of England Deputy Governor Charles Bean said the strength of inflation has increased the risk to price expectations and there may also be less spare capacity in the economy than previously assumed.
Bank of England Deputy Governor Charles Bean said consumers’ and businesses’ concerns about the outlook may undermine the impact of quantitative easing, in remarks one week before officials’ next decision on stimulus.
Bank of England Deputy Governor Charles Bean cautioned against over-optimism following third- quarter gross-domestic-product data and said U.K. growth may be weak in the final three months of the year.
Bank of England Deputy Governor Charles Bean said policy makers will “take stock” of their current round of stimulus when it ends in February and are ready to increase their bond-purchase target if necessary.