Merve, tell me it ain’t so
- In the event of further easing required, appropriate to continue with further gilt purchases
- Global imbalances mean recipe for weak global growth
- Stands ready to adjust policy in either direction depending on inflation outlook
- Completely confident BOE will be in very good hands with Canada’s Carney
- Chances of very rapid growth in 2013 or 2014 not very great (I think you could be onto something Merve)
- BOE should have ruled out chance of strong 2013/2014 rebound earlier (yer, the MPC should have taken a ride to St Osyth and spoken to my barber)
- Underlying problem is that great deal of rebalancing still needed in UK
