This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+301014+small

More QE could be needed

  • Print
  • Comment

The Bank of England monetary policy committee voted unanimously to keep its programme of quantitative easing at £275bn in January but some members felt it
The minutes of January’s meeting show all nine members voted to keep bank rate at 0.5 per cent for the 34th consecutive month.

The committee believes inflation will continue to fall sharply in the coming months from its current level of 4.2 per cent, towards its target of 2 per cent.

Some members believe QE will have to be increased in the coming months. The current programme will be completed by early February.

The minutes say: “The balance of risks to inflation in the medium term had changed little since November. For some members, the risks of undershooting the target meant that a further expansion of asset purchases was likely to be required.”

Capital Economics chief UK economist Vicky Redwood says: “We expect more QE to be announced next month.”

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Taxbriefs Advantage
Advantage is a digital reference source giving unbiased, independent, answers to your technical queries. Subscribe to Taxbriefs Advantage.

Have your sayEdit my profile/screen name

You must sign in to make a comment

Fund Data

Editor's Pick



Poll

Should Sesame unwind the 'pay to play' deals it set up as part of its restricted advice panel?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments