The British economy may see a gradual recovery in growth this year, Bank of England Chief Economist Spencer Dale said in an interview aired on Tuesday.
The current monetary policy is "highly stimulatory" and its effects will continue to flow through the economy, he told BBC Radio Scotland.
"We expect to see a gradual recovery in growth this year and, in terms of inflation - the data as you know has dropped from 5 percent to 3 percent - and we need to get it down further and back down to our target of 2 percent," Dale said.
He said any future decision on quantitative easing will be affected by the balance of risks relating to growth and inflation.
by RTT Staff Writer
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