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22 Sep 2016
BoE's Forbes: Need to be cautious in reading more positive recent data
Bank of England's policy maker Kristin Forbes is crossing the wires via Reuters, stating that latest data points to upgrade BoE growth forecasts, assuming no change to parameters.
Key headlines (via Reuters):
- Says puts less weight on some of the more immediate gloomy indicators from UK
- Prefer to use adjusting interest rates as a tool, rather than change QE
- Says had concerns about effect of QE on pension funds
- Main reason for opposing QE in August was that did not think more stimulus was needed