-
Adam Posen attacks world's central bank over UK interest rate criticism
The Bank for International Settlements (BIS) warned in its annual report that the era of "near-zero" interest rates needs to end, and singled out the British central bank for comment. Highlighting the fact that inflation in the UK has been above the 2pc target since December 2009, it said: "One wonders how long [the MPC's] current policy can be sustained." Mr Posen, who has voted not only for rates to be left on hold but for the Bank to inject another £50bn of quantitative easing into the economy since October, said stagflation – low growth and high inflation – is unlikely in the UK and argued that BIS had ... (full story)
- Comments
- Comment
- Subscribe
- Comment #1
- Quote
- Jun 28, 2011 3:25am Jun 28, 2011 3:25am
- PandoraBox
- Joined Apr 2007 | Status: Senior Principal Trader | 60 Comments
- Comment #2
- Quote
- Jun 28, 2011 3:30am Jun 28, 2011 3:30am
- PandoraBox
- Joined Apr 2007 | Status: Senior Principal Trader | 60 Comments
- Comment #3
- Quote
- Jun 28, 2011 3:30am Jun 28, 2011 3:30am
- aurangzaib
- | Joined Feb 2011 | Status: simple trader | 32 Comments
*ALL IS WELL*
- Comment #4
- Quote
- Jun 28, 2011 3:36am Jun 28, 2011 3:36am
- PandoraBox
- Joined Apr 2007 | Status: Senior Principal Trader | 60 Comments
- Comment #5
- Quote
- Jun 28, 2011 3:51am Jun 28, 2011 3:51am
- PandoraBox
- Joined Apr 2007 | Status: Senior Principal Trader | 60 Comments
- Comment #6
- Quote
- Jun 28, 2011 4:05am Jun 28, 2011 4:05am
- aurangzaib
- | Joined Feb 2011 | Status: simple trader | 32 Comments
*ALL IS WELL*
- Comment #7
- Quote
- Jun 28, 2011 4:22am Jun 28, 2011 4:22am
- ChristopherM
- | Joined Jun 2009 | Status: Member | 71 Comments | Online Now
- Comment #8
- Quote
- Jun 28, 2011 5:07am Jun 28, 2011 5:07am
- nunrgguy
- Joined May 2009 | Status: Member | 17 Comments
- Comment #9
- Quote
- Jun 28, 2011 7:16am Jun 28, 2011 7:16am
- bobn
- | Joined Aug 2010 | Status: Member | 141 Comments
- Comment #10
- Quote
- Jun 28, 2011 8:55am Jun 28, 2011 8:55am
- PandoraBox
- Joined Apr 2007 | Status: Senior Principal Trader | 60 Comments