MNI BRIEF: Overtightening Would Risk Scarring - BOE's Dhingra

The restrictive stance of monetary policy will continue to weigh on economic growth and living standards, Bank of England external MPC member Swati Dhingra told an MNI Connect video conference, adding that overtightening would risk a hard landing and supply-side scarring.

Geopolitical tensions, the rise of industrial policy and the impacts of climate change are making it harder to predict the path of inflation, the MPC's leading dove and lone vote for a cut this month told the conference.