BoE's Posen: not changing view on quantitative easing

MUMBAI Feb 25 (Reuters) - Bank of England policymaker Adam Posen said on Friday that he has not changed his view on quantitative easing. Posen was speaking to reporters in Mumbai after addressing a conference at Indira Gandhi Institute of Development Research, an institute established and financed by the Indian central bank.

The Bank of England moved closer this month to raising interest rates, after a third policymaker voted for a rise and others said they might tighten policy if the economy rebounds from a slump at the end of last year. [ID:nLDE71M0TH]

According to the minutes to the BoE's Feb. 9-10 meeting, Adam Posen repeated his call for a 50 billion pound expansion to the BoE's programme of quantitative easing asset purchases to 250 billion pounds.

He had acknowledged that a sustained increase in global demand or a shift in sentiment against sterling could outweigh domestic downward pressures on inflation, but he did not see this risk as large enough to require tighter policy now. (Reporting by Neha D'silva and Shamik Paul)