Bank of England Monetary Policy Committee member Ian McCafferty
Writing in the UK Times, an op-ed piece
(Article is gated, but if you have access, its here in full): Bank will need to conserve ammunition to win the war
Headlines via Bloomberg:
- Bank of England should follow gradual approach
- Difficult to determine right amount of stimulus
- Info on bb is limited
- Prefer to learn as we go
Also, via Reuters:
- If economy proves to have turned down in line with initial survey signals, believe more easing likely to be required
- Bank rate can be cut further, closer to zero, and quantitative easing can be stepped up
