RTTNews - Bank of England's Deputy Governor Charles Bean said in an interview to Birmingham Post that the impact of quantitative easing will very probably take a while to be felt. It is too early to evaluate the impact of money injected into the economy.
He said, I wanted to stress that one should not rush to form a judgment on how effective the programme has been yet. It takes time for the effects to work through.
Bean added, I think the message that I have been getting is that, while there might be indications that activity is bottoming out, so far there is not much sign of recovery taking hold.
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