Quantitative easing January 23 2013, 0 Comments

Minutes of the MPC meeting held on January 9th and 10th were released today (Jan 23rd) and provided clear evidence that MPC members are shying away from further rounds of Quantitative Easing (QE).  As the Committee pointed out, the underlying state of the UK economy is harder to gauge that usual given the one-off nature of the Olympic Games and the Diamond Jubilee celebrations. The view was that further asset purchases were unnecessary and may have a very weak effect on stimulating nominal demand.