Ex-MPC member says BoE wrong to delay on QE

Bank of England

Sushil Wadhwani, a former external member on the Bank of England's Monetary Policy Committee (MPC), on Friday criticised the Bank's 'wait-and-see' approach to quantitative easing, warning the central bank risked falling behind the curve in stimulating the UK economy.

Wadhwani, who was an external member of the bank's MPC from June 1999 to May 2002, was responding to comments made by Martin Weale, an external member who currently sits on the rate-setting committee, after a speech he delivered at

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