One of the Bank of England's (BoE's) senior policymakers has hinted a further round of quantitative easing (QE) remains an option for the UK's central bank.
Paul Fisher, executive director for markets at the BoE, said the Bank has not ruled out injecting more money into the UK economy on top of the £200bn already dispersed. "I have said in the past [QE] is still very much on the table as one of our potential policy actions, and it's certainly not ruled out, and people need to be aware of that. "On the other side, the economy could be much weaker than we expect, pushing down on inflation and risking deflation. Recovering to the target from that could be even harder, at least in my personal view." On the Bank's official 2% inflation targ...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
