Bank of England policymaker Adam Posen said that he may have been premature in withdrawing his call for more quantitative easing last month.
In an interview with news agency Market News International, he reportedly said that underlying strength of the economy is weaker. Posen said he may have underestimated the economic conditions.
Posen said he was disappointed by the impact of the latest round of asset purchases.
Posen, who had voted early this year for more asset purchases, dropped his call in April. At the April meeting, only David Miles sought an increase in the programme by GBP 25 billion.
The bank maintained the size of quantitative easing at GBP 325 billion in May after lifting it by GBP 50 billion in February.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.