BOE Governor Andrew Bailey says Bank's action...>

BOE: BOE Governor Andrew Bailey says Bank's action Thursday at a second

'unsequenced' meet in a week was largely a reaction to market volatility in

recent days that was 'bordering on disorderly'. Bailey said market moves were in

large part a move to dollars. On QE, he said there was no schedule for the

purchase amounts, as the Bank reacts to market fluctuations, adding that the BOE

would act quickly and possibly front load. Once again he stated his not being in

favour of negative rates, saying not a tool to use readily. However, he said --

and underlined that this was in no way a sign of use -- this week taught never

to say never.