``If Bank of England deputy governor, Minouche Shafik, has her way then interest rates will hover around 0% in perpetuity and other forms of quantitative easing will become the "standard tool of central bankers."''
Nemat Shafik, the central bank’s deputy head for markets and banking, will leave in February and become director of the university in September.
Bank of England Deputy Governor Minouche Shafik said the central bank's next monetary policy move will likely be a gradual and limited rise in its benchmark interest rates.
One of the most senior figures within the Bank of England has said she will "tread carefully" when it comes to a rate hike. Minouche Shafik — the Bank of England's deputy governor for markets — said: "I judge it prudent to tread car...