Carney says eurozone QE 'absolutely necessary'
BoE governor discusses distributional consequences of monetary policy
The European Central Bank (ECB) was right to launch quantitative easing (QE) yesterday, according to Bank of England (BoE) governor Mark Carney, who offered his support for the policy in a panel discussion at Davos this morning.
ECB president Mario Draghi announced plans to buy €60 billion of assets each month from March 2015 to September 2016, the majority of which will be eurozone government debt.
"[The programme is] absolutely necessary to preserve the prospect of medium-term prosperity in
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