BOE Tucker – Could Do More QE, But Depends Inflation Risk

LONDON (MNI) – The Bank of England Monetary Policy Committee could
do more quantitative easing – “technically”, says Deputy Governor Paul
Tucker – but it will depend on how the MPC views the risks to inflation.

In an interview with ‘Euroweek’ today, Tucker said:

“Technically we could do more. It’s just a question of what we
think the risk to inflation would be”.

Tucker said that the MPC would need to take into account the impact
of the UK Treasury/BOE’s new Funding for Lending scheme.

“I don’t think we should just have one option in these
circumstances, which is why we are pleased to have launched the Funding
for Lending Scheme”.

–London Newsroom: tel: +4420 7862 7492;
email:ukeditorial@marketnews.com

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