UK Quantitative Easing Ruled Out Says BoE Carney

The governor of the Bank of England has said he sees no need for more bond-buying by the central bank given the signs of recovery in the British economy.

Mark Carney told the Yorkshire Post that the Bank would consider the case for more quantitative easing should the economy falter.

“But my personal view is, given the recovery has strengthened and broadened, I don’t see a case for quantitative easing and I have not supported it,” he said.

Carney’s remarks pushed up sterling against the dollar on Friday, with the pound hitting $1.6133 at one point.

The BoE’s nine policymakers all voted against more bond-buying at their last three monthly meetings as the Bank launched its new plan linking its record low interest rates to Britain’s unemployment rate and as the economy showed signs of picking up.

via The Guardian

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