Re: nincs cím

[BoE KING] is now lording it with colleagues Tucker, Fisher & Sentance at the House of Lords Economic Affairs Committee delivering the BoE's testimony to lawmakers. King starts by saying that the real challenge for the MPC is at what point it starts to withdraw/reverse its emergency extraordinary stimulus (APF). He says his view isn't that different from Dale, with all the MPC difference of views 'small' (recall the 3-way QE split 7-1-1 for Gbp 25 bn/40/0 resp). He mentioned in one breath that there is a presumption that the MPC carries on its QE programme to Jan and then decides in Feb - ergo reiterating that more cannot be ruled out, repeating earlier comments. But, turning up the heat somewhat, the BoE Gov'nor says at some stage there will have to be 'substantial tightening' to undertake - short sterling just trading on lows -5 ticks.