Quantitative easing appears to have worked, but there could be many other reasons that explain the recent recovery in asset prices, said Charles Bean, deputy governor of the Bank of England.
Noting that the recession appears to have bottomed out, he added: "Asset prices have been rising not only here, but elsewhere, though that could reflect the aggressive monetary policy measures adopted by other central banks too."
The FTSE index of 100 leading shares has risen 17% since the start of the year
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