Tucker: BoE to only partly offset the credit blow

The Bank of England should cut rates gradually to avoid inflation, said Paul Tucker, the Bank's executive director responsible for markets and member of the Monetary Policy Committee.

The economy faces strong upside and downside risks to inflation, Tucker noted. The downside risk comes from tightening credit conditions, and the upside risk is due to the rise in commodity prices and weakening pound. This means allowing a degree of slack in the economy, he admitted.

"Only by underpinning the

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

If you already have an account, please sign in here.

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account