- The Big Picture - http://www.ritholtz.com/blog -
After ECB and Bernanke, BoE member says ‘no mas’
Posted By Peter Boockvar On February 29, 2012 @ 2:43 pm In MacroNotes | Comments Disabled
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.
Article printed from The Big Picture: http://www.ritholtz.com/blog
URL to article: http://www.ritholtz.com/blog/2012/02/after-ecb-and-bernanke-boe-member-says-no-mas/
Copyright © 2008 The Big Picture. All rights reserved.