Daily Archives: June 25, 2012

Claire Jones

More quantitative easing by the Bank of England appears a dead cert.  It’s also reasonably likely that whatever amount the Monetary Policy Committee plumps for, the money is going to be spent on gilts.

What is more difficult to predict is what sort of gilts the Bank is likely to buy.  

Claire Jones

“Don’t rely too heavily on monetary policy” is the closest thing that the Bank for International Settlements has had to mantra in recent years.

Monetary policy is no cure-all. But that’s not to say that the BIS thinks the US Federal Reserve was wrong to act with unprecedented force following the collapse of Lehman Brothers in the autumn of 2008.