Former BoE MPC members divided on ‘maxed out’ easing
Three former members of the Bank of England's Monetary Policy Committee (MPC) today voiced opposing views on whether UK monetary policy has reached the limits of what it can achieve.
During a panel discussion, organised by consultancy Fathom, John Gieve, Charles Goodhart and Andrew Sentance questioned whether Mark Carney, who takes over as governor of the Bank of England in June, was right in saying monetary policy had not yet been "maxed out".
Gieve and Goodhart agree that there is still scope
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