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12/3/2021, 12:18 PM (Source: TeleTrader)
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BoE to take Omicron into account for Dec. decision - Saunders

Bank of England's (BoE) Monetary Policy Committee Member Michael Saunders stated on Friday that the central bank will closely consider potential effects of the coronavirus' Omicron variant during its monetary policy ruling in December.

In remarks delivered during an online webinar and published on the bank's website, he hinted that the BoE might take additional time to gather more data on the new strain.

"Provided we do not delay too long, it should be a case of easing off the accelerator rather than applying the brakes," Saunders noted.

Baha Breaking the News (BBN) / BU