Monday, February 1, 2010
BOEs M4 measure still falling
The M4 number that drives BOE decision making is still falling. Chart from BOE report attached: [img]http://www.bankofengland.co.uk/statistics/fm4/2009/dec/CHART3.GIF[/img] So two questions: Does QE boost the relevant measure of M4? Computer says no but MPC says yes. More QE? Computer says yes, Â£100bn worth.