MPC’s Weale keen on more QE

■ Weak GDP figures this week strengthen the case for more quantitative easing by the Bank of England, Monetary Policy Committee member Martin Weale said in an interview yesterday. “I have found the figures something of a disappointment, worse than I expected,” Weale said in an interview with BBC Radio Newcastle. “I’m certainly feeling that the argument (for QE) is stronger than it would have been if the economy had shown economic growth,” he continued. However, Weale also said above-target inflation remained a concern, a factor that he said the MPC would also need to consider.