IMF says forward guidance could reinvigorate UK monetary policy

The Bank of England

International Monetary Fund (IMF) deputy managing director David Lipton today suggested the Bank of England "provide assurances" that it will keep interest rates low until economic recovery in the UK "reaches full momentum".

"The communication of [monetary] policy could have a bit more of a forward orientation" to make "the consequences" of monetary policy actions "more forceful", said Lipton in comments at the end of the Fund's Article IV consultation in the UK.

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