- QE still works but does not have the ‘bite’ that it had before
- ‘Technically’ the BOE could do more QE but it depends on the risks to inflation
- The comments are carried by Reuters and from a magazine interview.
I think some of the ‘bite’ from QE before was from the belief that it would work. Confidence is an integral part of economic growth. If people and businesses stop believing in QE, they won’t invest and the economy just won’t grow.
