Too much of quantitative easing for BOE ?

[ASusilovic]

Uh oh…

Now that CPI is rising, trusty Bank of England governor Mervyn King seems to be suffering from a touch of mind-changing.

Note the following flashes on the BoE’s just introduced quantitative easing measures (our emphasis):

-KING-WE MIGHT NEED TO DO LESS ON QE THAN 75 BLN STG IF IT WORKS

-KING-TARGET IS TO COMPLETE SOMETHING IN THE ORDER OF 75 BLN STG IN QE OVER NEXT 3 MONTHS

-BOE’S KING-WE ARE MILDLY ENCOURAGED BY WHAT WE HAVE SEEN ON COMMERCIAL PAPER BUYING SCHEME

-BOE’S DALE SAYS SEES SOME SIGNS OF RECOVERY EVIDENT BY TURN OF THE YEAR

-WITH BANK RATE CLOSE TO ZERO, RATES ARE NO LONGER GOOD INSTRUMENT TO EASE POLICY

-KING-THE AMOUNT OF MONEY IS SIMPLY NOT GROWING FAST ENOUGH TO REACH SUSTAINABLE GROWTH RATE

-BOE’S KING-DOES NOT SEE BIG PROBLEMS FOR PENSION FUNDS FROM DEFLATION

-DALE: STIMULUS IS LARGE, BUT RISK IS THAT IT COULD BE SLOW TO TAKE EFFECT

-BOE’S BLANCHFLOWER SAYS EXPECTS UK UNEMPLOYMENT RATE TO ENTER DOUBLE FIGURES BY YEAR-END 10:07

http://ftalphaville.ft.com/blog/2009/03/24/53942/too-much-of-a-qe-thing-for-mervyn/

 

[jprad]

Quote from ASusilovic:

Uh oh…

Now that CPI is rising, trusty Bank of England governor Mervyn King seems to be suffering from a touch of mind-changing.

OT: How does an English citizen get to use "King" as a surname while BurgerKing(tm) is prohibited from displaying that trademark?