BOE McCafferty Sees Improved Outlook for UK, Remain Cautious

Bank of England policymaker Ian McCafferty said that he was “cautiously optimistic” about Britain’s economy, though recovery would continue to be difficult.

“I see grounds for hope. Some of the forces that have held back recovery are easing. Supportive policies from the Bank are having an effect. Confidence is creeping up,” he wrote in a column for Monday’s edition of the Daily Mail.

The BoE’s Monetary Policy Committee, on which McCafferty serves, will meet next week to consider a quarterly economic forecast update and whether to restart the central bank’s asset purchase policy.

Reuters

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