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)