Merkel Warns Key Bank of England Policy Could Fuel Slump

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'Qualitative easing' funds go to foreign holders of gilts

In an unprecedented attack on the world's central banks, the German Chancellor, Angela Merkel, has called on them to end their current "unconventional" monetary polices - expanding money supply though purchases of government and private sector bonds.

Mrs Merkel suggested that the central banks may end up doing more harm than good. She told a conference in Berlin: "What other central banks have been doing must stop now. I am very sceptical about the extent of the Fed's actions and the way the Bank of England has carved its own little line in Europe," she told a conference in Berlin. She said she views "with …