Ex-MPC members debate QE options

Close up of Bank Of England facade with the statue of Duke of Wellington Statue created by Francis Chantrey City of London England

Charles Goodhart and Sushil Wadhwani, two former members of the Bank of England's Monetary Policy Committee (MPC), on Tuesday disagreed over the use of further monetary stimulus to aid recovery in the United Kingdom.

At Fathom Consulting's latest Monetary Policy Forum panel, in London, Danny Gabay, a director at Fathom, said evidence suggested quantitative easing was an effective tool to loosen monetary policy at the zero bound and that the recent weakness in the UK economy meant a further round

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