“It is possible that the broader effects of quantitative easing (QE) are more moderate than they were,” said the Bank of England (BoE) deputy governor Ben Broadbent, Reuters reported.
Key takeaways
“We think the markets expected more QE, if we hadn’t done anything, the market rates would have increased.”
“We will continue to maintain flexible policies for as long as necessary.”
“We could take more action.”
Market reaction
The GBP / USD pair largely ignored these comments and was last seen shedding 0.12% on the day at 1.3127.
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Credits: Forex Street
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