LONDON (Reuters) – The Bank of England will probably have no reason to sanction an expansion of its quantitative easing programme when current purchases are complete in May, despite headwinds to consumer spending, Bank policymaker Martin Weale said on Wednesday. Weale’s comments are the starkest sign of reluctance to engage in further stimulus from a policymaker so far after comments earlier in the day from governor Mervyn King and his two deputies also raised doubts about more QE. British inflation hit a three-year high of 5.2 percent in September, and has since dropped to 3.6 percent. …
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