BoE Weale casts doubts on QE, warns on triple dip - paper


LONDON, Oct 11 (Reuters) - Another round of quantitativeeasing may not be "compatible" with the Bank of England'sinflation target, and does not provide a definite answer toboost Britain's economy, Martin Weale, a top BoE policymaker,said in comments published on Thursday.

"It is certainly not self-evident to me in the light of theapparent stickiness of inflation that substantial extra supportfor the economy would be compatible with the inflation target. II am concerned about the stickiness of inflation," Weale isquoted as saying in the Daily Mail newspaper.

Weale said he did not see a definite case for furthermonetary stimulus because "there are two things pulling inopposite directions".

"On the one hand, economic growth is weak and the economylooks to be more or less flat. On the other hand, inflationgives a sense of being becalmed at something above our target."

(Reporting by Stephen Mangan)

((stephen.mangan@thomsonreuters.com)(+44)(0)(20 7542 7931))

Keywords: BOE WEALE/