LONDON (Reuters) – The future deputy governor of the Bank of England (BoE), Sarah Breeden, said on Tuesday she agreed with her future colleagues on the bank’s monetary policy committee on the risks linked to inflation which are trending upward.
“I agree with the Monetary Policy Committee that inflation risks around the August forecast are tilted to the upside,” she said in a written submission to the committee. of the Treasury of Parliament, before a hearing aimed at approving his appointment.
Sarah Breeden, who will replace Jon Cunliffe as deputy governor of the BoE responsible for financial stability in November, also said she saw balanced risks for both growth and unemployment.
According to her, British gross domestic product (GDP) is expected to remain stable over the next two years and no recession is anticipated.
The Bank of England will hold its next monetary policy meeting on September 22, two days after that of the US Federal Reserve, while that of the European Central Bank (ECB) is scheduled for Thursday.
(Written by Andy Bruce, Claude Chendjou, edited by Blandine Hénault)
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