• Wednesday, September 28, 2016 - 10:34


    By David Robinson

    LONDON (MNI) - Bank of England Deputy Governor Minouche Shafik said that what was needed for a balanced recovery in the UK economy was a mix of monetary, fiscal and structural policies and she was sure that fiscal policy would be an important part of the story.

    The BOE Monetary Policy Committee's next decision will be announced on November 3, with any fiscal policy measures only set to be unveiled by the UK Government in the Autumn Statement, due to be held on November 23. It is uncertain if the MPC will delay any decision on further monetary stimulus in order to fully factor in the details of the expected fiscal stimulus.

    The timing of any future stimulus "will essentially depend on what happens to the data ...