Bank's Carney: No case for more QE

Bank of England Governor Mark Carney has said the UK economy is recovering and does not need a further expansion of the quantitative easing programme.

In an interview with the Yorkshire Post, Carney said that while the Bank would consider the case for more QE should the economy falter, he did not currently see any reason for further stimulus to be injected. "My personal view is, given the recovery has strengthened and broadened, I don't see a case for quantitative easing and I have not supported it," he said. The Bank has already pumped £375bn into the economy to help the country recover from one of the worst recessions ever experienced. However, growth has started to pick up more sharply, with yesterday's final reading of Q2 GDP...