BoE’s Broadbent: Had we seen inflation shocks coming, BoE would have tightened policy sooner

Bank of England (BoE) Deputy Governor, Ben Broadbent, said on Tuesday, “had we seen inflation shocks coming, BoE would have tightened policy sooner.”

Additional comments

“BoE policy has not been optimal.”

“If we had started raising rates 6 months earlier, it might have lowered peak inflation by a maximum half a percentage point.”