ForexSQ.com - In a speech given at the London headquarters of Bloomberg, Spencer Dale – Bank of England Chief Economist and member of the Monetary Policy Committee (MPC) – asks what lessons monetary policymakers can draw from developments over the past year, addresses some concerns and criticisms often levelled at Quantitative Easing, and looks ahead to challenges for 2012. Spencer Dale argues that, contrary to a common perception, the support to growth over the past year provided by the lower level of sterling has not disappointed.
