Bank of England faces tricky task of timing stimulus end, IMF boss says

LONDON - The head of the International Monetary Fund said the Bank of England had shown "sound judgment" in steering Britain's economy through the COVID-19 crisis but now faced the complex task of setting the pace of removing its huge stimulus programmes.

"The Bank of England needs to calibrate the response taking into account both pressures coming from inflation and the necessity to make sure that there is no cold water thrown on growth," Kristalina Georgieva told reporters after the IMF presented an annual report on Britain's economy.