Spencer Dale: No more QE needed
More asset purchases by the Bank of England may not be warranted even if Britain’s economy continues to struggle, and the Bank should keep its focus on bringing down inflation, its chief economist said yesterday. Spencer Dale said the £325bn of quantitative easing (QE) to date had helped cushion the economy against the impact of turmoil in the Eurozone but the Bank’s top goal had to be getting inflation back down to two per cent. The current policy stance “looks broadly right,” he told CNBC.