Posen - right for Bank's MPC to consider more QE

Bank of England policymakers would be right to consider expanding the bank's programme of quantitative easing asset purchases, Adam Posen, a member of its Monetary Policy Committee said on Monday.

"The committee is right to consider - as we will be doing in a few weeks - whether we need to do more QE," he said at a lecture at Nottingham Trent University in the English midlands.

Posen was a lone voice on the MPC for most of 2011, calling for more asset purchases to boost the economy, but was vindicated when the MPC backed a 75 billion pound restart in October.

These purchases will be complete at the end of this month, and most economists expect the BoE to approve a further 50 billion pounds of purchases in February.

(Reporting by David Milliken; Editing by Tim Castle)

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