The second wave of quantitative easing is set to be as effective as the first, and there is no hard expectation in the markets the Monetary Policy Committee will extend it further, MPC members said Wednesday in evidence to the Treasury Select Committee. MPC members were questioned over whether QE was effective at present as markets had learned to anticipate it. They defended the policy, highlighting the similarity between its impact and that of conventional monetary policy. “I don’t think it is unique in any sense … It certainly has effects on market expectations and effects on rate of returns on savings and ... (full story)