Britain: 'More QE could be needed'

Britain's economic recovery remains fragile and more quantitative easing could yet be needed if deflation becomes a risk, BoE (Bank of England) policymaker Paul Fisher said on Tuesday.

Speaking a day ahead of the release of minutes from the Bank of England Monetary Policy Committee’s June meeting, Mr Fisher said, "If we get stuck in a deflationary rut it's not clear we have sufficient ability to get out of that quickly.

"I've said in the past it [QE] is still very much on the table as one of our potential policy actions, and it's certainly not ruled out and people need to be aware of that."

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