The UK economy slipped back into recession in the first quarter of 2012 as it contracted by 0.3%.
Dale told The Sunday Times newspaper: “I’d expect the uncertainty (in the eurozone) to continue for the next few years, even if some of the worst outcomes are avoided.
“It will continue to act as a drag on our economy.”
In minutes of its May meeting, members of the BoE’s Monetary Policy Committee voted to maintain the government’s asset purchase programme at £325bn.
“Some people say we can just pump more into the economy with QE, but if weak growth reflects problems on the supply side of the economy that may not be appropriate,” Dale was quoted as saying in the paper.
“I said last year that the fall in inflation from 5% to 3% was ‘baked in the cake’ but that the real test would be getting from 3% to the 2% target.
“The story so far is good but there is a long way to go.”
