BoE’s Shafik Sees Need For More Stimulus ‘At Some Point’

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More monetary policy easing will be required at some point in the U.K. to avoid the economic slowdown to become more pernicious in the wake of EU referendum, Bank of England Deputy Governor Minouche Shafik said Wednesday. In a speech, text of which was put on the BoE website, Shafik said the likely timing of stimulus will depend on the continued evolution of the data.

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