CBI reaction to Bank of England's MPC decision
The CBI responded to the announcement from the Bank of England’s Monetary Policy Committee (MPC) that it will increase the size of the asset purchase programme, or quantitative easing (QE).
Ian McCafferty, CBI Chief Economic Adviser, said:
“The Bank has been signalling that a further extension of the asset purchase programme was likely this month.
“Even though there are tentative signs that the economy is stabilising, the outlook is still highly uncertain. This new round of QE should help support confidence, though the direct stimulus to near-term growth is likely to be limited.”