Tag: Gertjan Vlieghe

• Monday, February 22nd 2021 - 07:03 UTC

  Bank of England divided over the use of negative interest rates

  

  A member of Bank of England's Monetary Policy Committee, Gertjan Vlieghe, openly supported the use of negative interest rates if the U.K. needs more stimulus, while Deputy Governor Dave Ramsden said the bank still had scope for more quantitative easing. which has been a tried and tested policy.

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• Saturday, February 16th 2019 - 11:10 UTC

  Brexit has cost UK economy some £80 billion since the 2016 vote, says BoE policymaker

  

  Brexit has cost the British economy at least £80 billion since the referendum and the shock of a no-deal divorce could see interest rates slashed, according to a Bank of England policymaker. Gertjan Vlieghe, an external member of the central bank’s Monetary Policy Committee, said that, since the June 2016 vote, 2% has been shaved off GDP.