BoE should 'widen recovery measures' - reports

In an interview with the Financial Times, Adam Posen questioned the bank's insistence that central banks should only buy government bonds through quantitative easing (QE). Posen told the paper BoE governor Sir Mervyn King could achieve a better economic recovery if the bank ditched "anguished religious ethics" over what it considered to be reasonable intervention. Posen is leaving the BoE to head the Peterson Institute for International Economics in the US. He suggested the BoE should target measures to lift financial constraints for mortgages and small businesses. “I have no questio...