BoE’s Bean confident Treasury would agree to more QE funds
Charles Bean, the deputy governor responsible for monetary policy at the Bank of England, said on Tuesday that the Bank expected to get more government funds for quantitative easing if it asked for them.
Bean told the BBC: "We would expect [Darling] to allow us to do a reasonable amount more, though ultimately that will be up to the governor to discuss with the chancellor when the time comes."
Under the terms of quantitative easing, the Bank must ask the chancellor for funds to undertake the
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