UK Needs 'Monetary Realism': Ex-BoE Official
March 21, 2013 at 05:40 AM EDT
The Bank of England (BoE) may have been given the green light to use "unconventional monetary policy instruments" and overshoot its two percent inflation target in the U.K's annual budget on Wednesday, but it actually needs to engage in some monetary policy "realism", Andrew Sentance, senior economic advisor at PwC, told CNBC.