UK MPC Watch - QE2 on the slipway

With the news on the UK and global economies continuing to deteriorate, it is now a question of when, rather than if, the Monetary Policy Committee will restart its quantitative easing (QE) programme. While we would advocate immediate action, the Committee may decide to hang on for a month until November’s pre-Inflation Report meeting. Either way, though, QE2 is on the slipway and ready to set sail.

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