Posen Says BOE Prepared to Add More Stimulus If It’s Needed
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Bank of England policy maker Adam Posen said the central bank’s new round of stimulus is the “right place” to start and officials are ready to do more if it’s needed.
“We are going to review it on an ongoing basis,” Posen said in an interview with Bloomberg Television in New York late yesterday, referring to the bank’s Oct. 6 decision to increase so-called quantitative easing. “We will readjust it if it turns out we need more.”