July 14, 2009 / 9:18 PM / 8 years ago

BoE's Bean: Will decide on more QE next month

LONDON, July 14 (Reuters) - The Bank of England has not halted its quantitative easing programme and will decide on whether to continue next month, Charles Bean, the central bank's deputy governor, said in a newspaper interview.

The BoE surprised markets last week by not announcing any extension to its 125 billion pounds asset-buying scheme, leading many analysts to conclude that the central bank was stopping its quantitative easing programme.

Bean told the newspaper that the Monetary Policy Committee was still debating whether more needed to be done.

"We haven't paused on QE. We are committed to buying 125 billion pounds of assets that will take us through to August," he was quoted as saying.

"We decided last week there was no need to make a firm decision. and we could afford to wait. August is when we publish papers on the economy and it's a natural point at which to take stock." (Reporting by Sumeet Desai; editing by Leslie Adler)

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