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BNP Says BOE QE May Need to Be 100 Billion Pounds

(Corrects name of author in second paragraph.)

Oct. 8 (Bloomberg) -- BNP Paribas SA said the Bank of England may need to buy about 100 billion pounds ($160 billion) of assets as part of a so-called quantitative easing plan to boost the economy.

“The fact that government bond yields are so low highlights a risk that asset purchases may have a smaller effect on yields than during the first phase of QE,” Alan Clarke, an economist at BNP Paribas in London, wrote in a research note today.

To contact the reporter on this story: Paul Dobson in London at pdobson2@bloomberg.net

To contact the editor responsible for this story: Daniel Tilles at dtilles@bloomberg.net

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