After ECB and Bernanke, BoE member says ‘no mas’

By Peter Boockvar - February 29th, 2012, 2:43PM

After getting hammered since Bernanke mentioned the improving labor market and the ECB is now done with LTRO’s (for now), gold is at a fresh low of the day after Bank of England member Martin Weale, a proponent of previous QE moves in England is saying there may be no need for more. “I do not think there is likely to be a further case once our current program is complete” because of his concern “that there may be more persistence to inflation than one might expect at a time of rising unemployment and weak demand,” due in part to higher energy prices.

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Category: MacroNotes.

Comments

Please use the comments to demonstrate your own ignorance, unfamiliarity with empirical data, ability to repeat discredited memes, and lack of respect for scientific knowledge. Also, be sure to create straw men and argue against things I have neither said nor even implied. Any irrelevancies you can mention will also be appreciated. Lastly, kindly forgo all civility in your discourse . . . you are, after all, anonymous.

One Response to “After ECB and Bernanke, BoE member says ‘no mas’”

wally Says:
February 29th, 2012 at 8:20 pm
That’s certainly a jumbled sentiment to express. Not to mention the sentiment: throw the unemployed overboard because there MIGHT be inflation when there is weak demand.
Huh?