King's last MPC meeting: one last turn of the tap?

clock

Sir Mervyn King chairs his last ever Monetary Policy Committee (MPC) meeting today, but will his parting gift be one last blast of the QE tap?

The outgoing governor, to be replaced by Canadian Mark Carney on 1 July after two decades at the Bank of England, has been calling for an extension to the central bank’s quantitative easing programme. This programme has seen the Bank buy £375bn of government bonds between March 2009 and October 2012. King and two other MPC members want to extend the bank’s asset purchase programme by an extra £25bn, to stimulate the economy. In the minutes of February's MPC meeting, it was revealed King and MPC member Paul Fisher had voted in favour of boosting QE to £400bn, joining lone voice David M...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Economics / Markets

Why investors 'can't outrun' slow-moving demographics

Why investors 'can't outrun' slow-moving demographics

'Demographic change is a key megatrend'

Darius McDermott
clock 07 March 2024 • 5 min read
Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

Spring Budget 24: Ten key takeaways from Jeremy Hunt's speech

British ISA, Office for Budget Responsibility, tax cuts

Valeria Martinez
clock 07 March 2024 • 4 min read
Spring Budget 24: Chancellor unveils long-term UK growth plan

Spring Budget 24: Chancellor unveils long-term UK growth plan

Includes British ISA launch and further NI cut

clock 06 March 2024 • 1 min read