LONDON Oct 6 BlackRock's head of global bonds
said on Thursday that the Bank of England could hold off easing
monetary policy further on the strength of recent economic data.
The world's largest asset manager has previously warned that
Britain could fall into recession over the coming year after the
country's vote to leave the European Union in June.
"On the current data, the BoE could pause its current easing
cycle," said Scott Thiel at an event in London, adding that the
BoE had a "tough call" to make on the economy following Brexit.
Thiel added that he "favoured long positions" on the
Japanese currency and government bonds after the Bank of Japan's
recent policy actions suggested "a new era of cooperation
between fiscal and monetary policy".
(Reporting by Dhara Ranasinghe; Writing by John Geddie; Editing
by Nigel Stephenson)