The pronounced weakness of the latest broad money and lending data suggests that the Monetary Policy Committee (MPC) was right to restart QE in October. However, the MPC seems to be getting less ‘bang for its buck’ from QE2 than it did from the first round of purchases.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services