
© Reuters. Bank of England Deputy Governor for Markets and Banking, Dave Ramsden attends a Bank of England news conference, in the City of London
LONDON (Reuters) – Bank of England Deputy Governor Dave Ramsden said the central bank’s bond-buying programme remains its most immediate economic stimulus option and the BoE’s consideration of negative interest rates represented contingency planning.
“My overall take on QE is still that it is a tried and tested tool,” Ramsden said in a speech on Wednesday to the University of Birmingham. “For me it is the marginal monetary policy tool at present.”
Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.