LONDON (MNI) – Bank of England Monetary Policy Committee member
David Miles writes today that the Bank’s monetary policy actions have
helped prevent a much worse economic situation in the UK.
“Monetary policy cannot solve all our problems. But it has helped
prevent a much worse economic situation,” Miles wrote in an op-ed piece
in the Daily Mail newspaper.
“And it can encourage recovery and lessen the consequences of a
much sharper economic rebalancing,” he added.
–London Bureau; Tel: +442078627492; email:ukeditorial@marketnews.com
[TOPICS: M$B$$$,M$$BE$]
