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Bank's Posen tells BBC inflation is going to keep falling

Date: Thursday 02 Feb 2012

Bank's Posen tells BBC inflation is going to keep falling

In a radio interview yesterday afternoon on BBC Radio 5 Bank of England (BoE) policy-maker Adam Posen indicated that he believes that inflation “is going to keep falling all year, just as we forecast."

Similarly, Mr.Posen reiterated his conviction that the BoE was right to have carried out an additional £75bn in asset repurchases since the last month of October. "Things would be much worse if we hadn't done the quantitative easing I advocated and now the committee voted for," he said.

AB

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