BOE’s Bean: More easing may be necessary; Regulation, not monetary policy to ward off boom/bust

Speaking at Jackson Hole, BOE deputy governor Bean said more monetary policy easing may yet bee needed.

Avoiding future crises in the credit markets will require central bankers and regulators to rely more on regulation than merely on monetary policy, Bean said.

The BOE is replacing the Financial Services Authority as the primary bank regulator in the UK…