Just can’t have too much Broadbent, that’s what I always say…..
- Rebalancing to take more than 3,4 years
- QE would help banking system
- QE2 would be less powerful than first QE
- We’ve seen removal of capacity in economy
- Without risk-taking, hard to reallocate capital
- Was more optimistic about banking system 2 years ago (that’s encouraging)
- No limit to size of asset purchases in principle (well if you’re gonna do more, you might as well Super Size it)
- Euro zone will have influence on UK monetary policy
- Bigger bailout funds in euro zone will have greater chance of success
- Uncertainty about QE impact may limit size (well, why bloody bother then?)
- MPC in better than position to judge appropriate size of QE
- Setting up new SME bank would take too long
- Allocating capital could be done with nationalized banks
- Not in disagreement with overall MPC message (whatever that is)
- Was close to voting for QE2 at September meeting
