BoE’s Miles explains resumption of QE


David Miles, an external member on the Bank of England's Monetary Policy Committee (MPC), on Monday said lower-than-expected domestic inflationary pressures and the reemergence of stress in financial markets had led the MPC to resume its asset purchase programme.

At the Royal Economic Society in London, Miles said: "A lot has happened since the August [Inflation] report and much of the news on demand, output, business confidence and employment prospects right across Europe and in the US has been

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