Bank’s Posen makes case for further stimulus


Adam Posen, an external member of the Bank of England's Monetary Policy Committee (MPC), on Tuesday argued for a serious debate on the use of further monetary stimulus in Britain.

Posen told the Hull and Humber Chamber of Commerce that high unemployment and output gaps posed a serious threat to the economy and that the Bank should engage in "further monetary action to sustain and promote recovery". Posen said a "significant gap" between actual and potential output had emerged in major countries

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