World
UK's Cable says govt will keep fiscal discipline
LONDON : British Business Secretary Vince Cable said on Sunday the government would maintain its fiscal programme if dem
By
LONDON: British Business Secretary Vince Cable said on Sunday the government would maintain its fiscal programme if demand remained weak and said the Bank of England should be ready to expand its use of quantitative easing.
"If there is a sustained period of weakness of demand the right approach to that is not for the government to relax its fiscal discipline, we have to keep that going," he told BBC television.
"It is about the Bank of England pursuing policies of low interest rates, which also help keep our exchange rate down and help exports, but also using expansion, quantitative easing in more imaginative ways, not just in acquiring government securities."
Copyright Reuters, 2011
More Stories
Comments
Comments are closed for this article.