Adam Posen, a member of the Bank of England’s monetary policy committee, is ready to back an increase in the Bank’s £175 billion quantitative easing programme next month.
As I warned last week Paul Fisher is only one member of the MPC. Seems like at least one of his colleagues, and I suspect others, have slightly differing opinions regarding quantitative easing. A possible extension seems back on the agenda for next month. Will be interesting to see how sterling fares at the start of the new week. A lot of the weekend press could be construed as sterling negative.
