Bank of England (BoE) Monetary Policy Committee (MPC) member Gertjan Vlieghe said in a speech on Thursday that more stimulus measures could be needed if the U.K. economy does not recover after the referendum on Britain’s membership in the European Union (EU). He added that higher inflation target or helicopter money were not options.
Vlieghe pointed out that the economic growth in the U.K. slowed since 2014.
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