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Bank of England's Weale says more QE could still be needed
A smooth economic recovery is not yet assured and the Bank of England has not ruled out fresh stimulus measures, one of the central bank's top policymakers said on Wednesday. Martin Weale told the Telegraph newspaper he could "certainly envisage circumstances in which it would be sensible to undertake further asset purchases" in addition to the bank's recent move to give forward guidance on interest rates. The comments show a rare dovish side to Weale who went out on a limb to vote for higher rates in 2011 and was alone on the nine-strong Monetary Policy Committee to oppose the guidance plan proposed earlier ... (full story)