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2010.09.2811:28:00UTC+00Boe's Sentance - No Need For Boe to Buy More Gilts to Boost The Economy

News:

  • There is no need for the BoE to buy more gilts to boost the economy and interest rates need to come back slowly to more normal levels - policymaker Andrew Sentance
  • Sentance also said that planned govt spending cuts may have some impact but would not "ultimately determine the future course of the economy"
  • He said that in his opinion there was no need to restart quantitative easing
  • He said it would give the wrong impression on the state of the economy

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