UK doesn’t need more QE: former MPC members


The British economy is not yet in straits so dire as to warrant a second round of quantitative easing, three former members of the Bank of England's Monetary Policy Committee (MPC) said Tuesday.

Sir John Gieve, DeAnne Julius, Rachel Lomax agreed that the Bank would be wrong to embark on a second round of asset purchases, and one of the three - Julius - believed conditions necessitated a quarter-point hike.

Julius, an external member from 1997 to 2001, said at an event held by Fathom, a consultan

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