Weale Says No Need to Pre-Announce BOE Stimulus Expansion Now
This article is for subscribers only.
Bank of England policy maker Martin Weale said there’s no need for officials to pre-announce any expansion of further stimulus until the current program’s completion unless the outlook deteriorates “very sharply.”
“I don’t see a strong necessity or indeed case for wanting to announce now further purchases that we could implement only after our current purchases are completed,” Weale said in an interview with Bloomberg Television yesterday in London at the National Institute of Economic and Social Research. “If things were to deteriorate very sharply, then that view may change.”