BoE policymakers added to QE last week as they feel there is risk of inflation sliding too far...

|By:, SA News Editor

BoE policymakers added to QE last week as they feel there is risk of inflation sliding too far underneath the 2% goal, says Mervyn King. Mind you, U.K. CPI is running at 3.6% - down from nearly 5% last year - and hasn't been below 2% in several years. (full letter, .pdf)