Bank’s Dale: QE a success
Spencer Dale, the Bank of England's chief economist, has deemed quantitative easing a successs.
Speaking at a conference in Cambridge last Monday, the eve of the anniversary of the Monetary Policy Committee's first auction as part of the asset purchase program, Spencer Dale described the extraordinary measures implemented by the Bank as "successful in averting a deeper and more severe recession."
The Bank has bought £200 billion of government and corporate debt.
In his speech the chief economist
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