LONDON (MNI) – Bank of England Deputy Governor Paul Tucker said
Thursday that, for him, recent monetary policy decisions had been finely
balanced.
Tucker is one of the MPC members who has consistently voted for no
change. Tucker’s comments suggests he sees it as a close call between
backing a hike and no change, and he also highlighted his concerns over
inflation.
Tucker said the economic rebalancing going on was very painful for
some regions and households “and I am afraid it is going to take a long
while.”
“At the same time we are very worried about inflation,” Tucker
said.
“I have been voting for no change but my own decisions since the
back end of last year have been finely balanced,” Tucker said.
He said that “the global imbalance are still largely there” and he
said he was still worried that one boom and bust could lead to another.
–London newsroom 0044 20 7862 7491; email: drobinson@marketnews.com
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