The Bank of England has done all with the quantitative easing and there is no need for pumping additional money in to the economy, the bank's monetary policy committee member Adam Posen said.
"We believe growth will pick up from here," Posen said in an interview with the Sky News on Tuesday. Last week, the BoE policymakers have halted GBP 200 billion pound asset-purchase programme for a second month.
Repeating his view, Posen said an extension of the QE, depending on the nature of the problem the economy is facing at any given moment, would be the most likely outcome if additional boost becomes necessary.
He said additional measures will not be needed if inflation and economic growth follow the path the MPC has foreseen.
Dismissing fears of a sharp drop in the pound, Posen said, as an American, he is comfortable in paying pounds.
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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.