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Goods prices likely to pull down on inflation in 2 years - BoE's Broadbent

Goods prices likely to pull down on inflation in 2 years - BoE's Broadbent
Goods prices likely to pull down on inflation in 2 years - BoE's Broadbent   -   Copyright  Thomson Reuters 2021
By Reuters

LONDON – Bank of England Deputy Governor Ben Broadbent said on Thursday that the prices of goods in two years’ time were more likely to be pulling inflation down than up.

Broadbent said he did not agree with comments on the inflation outlook by fellow Monetary Policy Committee member Michael Saunders, who last week said goods price inflation could be lasting and the BoE might need to withdraw some of economic stimulus “fairly soon”.