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BOE
BOE: BoE's Broadbent currently speaking on CNBC, talking on the subject of
further policy tools available to the Bank.
- When asked about negative policy rates, Broadbent states the MPC are prepared
to do what is needed and all policy tools are under review.
- Does caution though, that the MPC must consider doing more harm that good with
negative policy rates.
- Adds that its possible more policy easing will be needed.
- On QE, he states that QE is designed to meet the Bank's inflation target and
isn't about financing the government.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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