LONDON (MNI) – Bank of England Monetary Policy Committee Member
David Miles says in an interview with the Financial Times published
today that the UK economy needs at least another stg50bn more QE.
“Do we need a more expansionary monetary policy? ‘Yes’.
Should it be a substantial change in asset purchases? ‘Yes’. Is stg50bn
a substantial number? ‘Yes it is’. Could one know in advance what is
exactly the right amount to do? ‘Absolutely not'”.
–London newsroom: 4420 7862 7491; email: wwilkes@marketnews.com
[TOPICS: M$B$$$,M$$BE$]
