DeAnne Julius, former Bank of England policymaker, and Sir John Gieve, ex-deputy Governor at the Bank have openly opposed another round of quantitative easing.
Speaking at Fathom Consulting's Monetary Policy Forum, Gieve said he was "sceptical" over whether QE2 "would be anything like as effective" as the first round of QE. "The winner in the currency wars so far has been sterling. The strongest argument for QE2 would be to hold that position in the face of others doing it," he added. Julius told the Telegraph: "I would look around for a different form of QE than buying gilts." Read more here:http://www.telegraph.co.uk/finance/economics/8105949/Bank-of-Englands-former-ratesetters-oppose-more-QE.html Fed expected to kickstart $500bn QE...
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