PETER DIXON | COMMERZBANK
"Desperate times may call for desperate measures, but until such times as the economic recovery goes into reverse, doing nothing may be the best strategy. And if the Fed does begin its QE2 programme, the UK can afford to keep its powder dry by free-riding on the Fed’s coat-tails."
PHILIP SHAW | INVESTEC
"The chances of the MPC resuming its QE operations have increased, amid fears that the recovery is losing momentum and that activity could be dealt a downward jolt from the proposed cuts in spending. The November meeting is likely to be the focal point of the MPC’s collective angst over the recovery."
JAMIE DANNHAUSER | LOMBARD STREET RESEARCH
"It is clear that the huge dose of monetary stimulus has achieved much of what it set out to do. To call for more QE ignores the slew of monetary data arguing against it. The balance of risks may deteriorate in the future but right now, monetary conditions remain sufficiently easy to promote recovery."