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


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

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