News Headline Summary
BoE's Miles says more QE warranted unless small output gap or 'pessimistic' assumption made on supply growth
- 1.5% of GDP would justify extra GBP 60bln of Gilt purchases and 3% of GDP gap points to GBP 175bln.
- Not clear that there are more effective tools for BoE other than Gilt purchases.
- "Good case" can be made for more expansionary monetary policy.
Reaction details (18:26)
- No reaction observed across classes because these comments are in line with David Mile's stance.
21 Feb 2013 - 18:15
Subscribe Now to
Click here for a 1 week free trial
RANsquawk provides audio news and commentary for over 15,000
professional traders and brokers worldwide. Services include:
Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
Teams of analysts covering equities, fixed income, FX, energy, and metals markets
Real-time scrolling news service with instant analysis
Daily and weekly pre-market research and calendars
Video updates covering near-term key risk events & primary trading themes
One-to-one chat with our expert analysts