Daniel Mahoney, Head of Economic Research at the CPS, responded to comments by Lord MacPherson, former Permanent Secretary to the Treasury, on the dangers of quantitative easing.
Lord MacPherson wrote on Twitter that QE was “like heroin” and the Bank of England needed to “move on.”
Daniel Mahoney welcomed the comments, adding “persistently loose monetary policy has left the Bank of England with little room to react to potential future shocks…It is vitally important for the Bank of England to begin normalising monetary policy at the earliest opportunity.”
Read the full piece on the Sun website.
Date Added: Tuesday 22nd August 2017