BoE’s Fisher happy to hold QE ‘in reserve’

Paul Fisher at Nalm

Paul Fisher, the Bank of England's executive director for markets, has backed down from his earlier calls for more quantitative easing (QE) in the UK after a "dramatic turnaround" in the economic data in the second half of the year.

Fisher called for an additional £25 billion of asset purchases in each of the Monetary Policy Committee (MPC) meetings between February and June, alongside David Miles and Mervyn King, but was outvoted on every occasion.

When Mark Carney took over as the Bank's gover

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