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BOE’s Weale: Arguement to extend QE stronger now after GDP data
Weak gross domestic product figures this week strengthen the case for more quantitative easing by the Bank of England, Monetary Policy Committee member Martin Weale said in an interview on Thursday. "I have found the figures something of a disappointment, worse than I expected," Weale said in an interview with BBC Radio Newcastle, while on a visit to northeast England. "I'm certainly feeling that the argument (for QE) is stronger than it would have been if the economy had shown economic growth," he continued. However, Weale also said above-target inflation remained a concern, and that the Monetary Policy Committee ... (full story)
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