Bank of England policymaker Paul Fisher said in a newspaper interview published on Friday that the outlook for the economy was still incredibly uncertain and that he was keeping an open mind as to whether more quantitative easing would be required.
I think it continues to be a story where the outlook for the economy is incredibly uncertain, Fisher said in an interview with London financial freesheet City A.M. If anything I feel slightly more comfortable about the inflation outlook than the outlook for growth.
Fisher said the downward slide into a severe recession that some had feared in the latter part of 2011 did not seem to be materialising but that the latest round of quantitative easing (QE) had been justified to make sure the risk was off the table.
At the moment I would have a completely open mind going into the next round whether or not we need to more (QE) or whether we could stop, Fisher was quoted as saying.
(Reporting by Paul Hoskins)