The Bank of England's Paul Fisher yesterday argued for the central bank to adopt a longer-term approach to its asset purchases as there is less risk of an "imminent slump" in the UK economy.
Fisher, a member of the BoE's Monetary and Financial Policy Committees, said policy easing is still appropriate, although he sees the risks of inflation overshooting the Bank of England's projections as more likely than it undercutting expectations.
The prospect of the markets losing confidence in the BoE's
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