BOE Miles: Monpol Has Been V Expansionary; Still Have Weapons

LONDON (MNI) – Bank of England Monetary Policy Committee Member
David Miles says UK monetary policy has been extraordinarily
expansionary and that the Bank still has weapons available if things get
worse.

Miles’ comments to the Sentinel newspaper in Stoke on the current
economic recovery were ‘guardedly optimistic’.

“The message I get is things are substantially better than they
were 18 months ago. I’m guardedly optimistic that the recovery we have
seen will continue”.

“The way we have set monetary policy has been extraordinarily
expansionary and we still have these weapons if necessary.”

“There is still an awful lot of uncertainty in the global banking
sector. There are still plenty of risks and things could turn worse.”

–London newsroom 0044 20 7862 7499; email: ukeditorial@marketnews.com

[TOPICS: M$$BE$,MT$$$$]