2011.05.2405:04:00UTC+00Boe's Fisher: Weak Consumer Demand may Get prolonged in Uk if Economy Faces another Shock

News:

BOE's Fisher said that weak comsumer demand in UK may be prolonged if the economy suffers another shock.
The newspaper reported that Fisher may consider extending BoE's quantitative easing asset purchases.
The paper said that BOE's kept its central projection intact that inflation would fall back to the set target over the medium term.

Qutoes:

"We've had three years where real household post-tax income has been flat so I am quite nervous that the wrong sort of shocks could prolong the (current] period of weakness," Fisher told the Scotsman in an interview.
"We could very easily see a sharp fall back in inflation if commodity prices were to fall for example. It's a very uncertain picture around which we don't have a lot of confidence. But our central expectation is for inflation to fall back to the target. At the moment, if anything wages look a bit too low rather than too high," Fisher said.

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