Bean downplays Bank QE move

Julian Knight
Thursday 01 November 2012 01:00

Charlie Bean, the deputy governor of the Bank of England and key interest rate setter, has poured cold water on the chances of an imminent expansion of the £375bn quantitative easing programme.

Giving a speech in Hull, Mr Bean questioned whether printing more cash right now would boost economic growth: "[Quantitative easing] may do little to boost investment spending when the environment is so dominated by uncertainty about the outlook for demand."

The Bank holds its November meeting next week.

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