Posen: Bank’s next step should be ‘heavy duty’ credit easing

adam-posen

Adam Posen, an external member of the Bank of England's Monetary Policy Committee (MPC), on Thursday advocated a tack other than more government bond purchases should the UK economy's performance warrant further easing.

Posen was quoted by Reuters, a newswire, as saying the Bank's next step, if necessary, would be to shift into "heavy-duty credit easing". Bloomberg quoted Posen as saying: "Because we have only done quantitative easing up till now, our plan B or our next page in my opinion, and I

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: