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- BoE's MPC member Saunders: Question of whether to curtail our current asset purchase program early will be under consideration at our forthcoming meetings
BoE's MPC member Saunders: Question of whether to curtail our current asset purchase program early will be under consideration at our forthcoming meetings
- Activity seems to have recovered a bit faster than May forecast
- Risks lie on the side that output gap will close earlier than previously expected
- It may become appropriate fairly soon to withdraw some stimulus
- Options to withdraw stimulus include curtailing QE (ending it in the next month or two) and/or further policy action next year
- If bank rate does rise in the next year or so, it is likely that any rise would be relatively limited
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