Bank of England urged to hold back on...........>

BOE: Bank of England urged to hold back on quantitative easing (The Times)

- The Bank of England should do the minimum possible this week to prevent

financial markets overheating and to keep its powder dry in case of a possible

second spike in infections, a group of senior economists has said. The Bank is

expected to unveil at least another GBP100 billion of quantitative easing

tomorrow. The Times' shadow monetary policy committee urged policymakers to

tread carefully, however, as markets are already frothy and the state has

injected more than GBP100 billion of stimulus. In a divided shadow MPC, a

majority supported Charles Goodhart, a former ratesetter, who said the Bank

should "do as little as they think that they could get away with.

- Link: https://tinyurl.com/ycrb4vlm