BoE Saunders: Safer to err on the side of easing somewhat too much

<p>BoE policymaker Michael Saunders, a known dove, warned of the risks of a “vicious circle whereby the economy gets stuck in a self-feeding loop of weak activity, pessimistic expectations and low investment.” “The searing experience of such a dramatic drop in incomes, jobs and profits is likely to have lasting behavioural effects, as after previous […]</p>
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