- 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.
- No reaction observed across classes because these comments are in line with David Mile's stance.
Print 18:16, 21 Feb 2013 - BoE - Source: Newswires
RANsquawk provides audio news and commentary for over 15,000 professional traders and brokers worldwide. Services include: