DONCASTER, UK (MNI) – The recent falls in equity prices should not
be ignored by policymakers but are not enough in themselves to justify
more quantitative easing, Bank of England’s Monetary Policy Committee
member Martin Weale said.
Weale, departing from the text of his speech at a Doncaster
Chambers of Commerce event, said the stockmarket can be too gloomy, and
this could be another time when it incorrectly predicts another
recession.
The MPC member also said energy prices falls across the board would
strengthen the case for more QE.
More to follow.
–London bureau: +4420 7862 7491; email: drobinson@marketnews.com
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