BoE might need to withdraw some stimulus “fairly soon” – Saunders By Reuters

LONDON (Reuters) – Bank of England interest rate-setter Michael Saunders said on Thursday the central bank might need to withdraw some of its huge stimulus programme “fairly soon” if the country’s economy continues to recover strongly from its COVID crash.

“In my view, if activity and inflation indicators remain in line with recent trends and downside risks to growth and inflation do not rise significantly (and these conditions are important), then it may become appropriate fairly soon to withdraw some of the current monetary stimulus,” he said in a speech.