LONDON (MNI) – Bank of England Governor Mervyn King said today he
doesn’t know if the Monetary Policy Committee would agree to expand its
programme of asset purchases but said that it would continue to review
QE every month.
Speaking to the House of Lords Economic Affairs Committee today,
King said:
“I don’t know if it’s going to be required or not. We do make a
fresh judgement each month as to what we think is necessary. We don’t
just say, let’s forget it for 3 or 4 months. We do examine it every
month.
“We’re prepared to change our minds each and every month so I’m not
going to anticipate what we decide”.
–London newsroom 0044 20 7862 7492; email: dthomas@marketnews.com
[TOPICS: M$B$$$,M$$BE$,MSSFX$]
