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 - Fixed Income - Source: Newswires

Subscribe Now to RANsquawk

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: