FACTBOX-Bank of England policymakers' recent comments

LONDON (Reuters) - Following is a selection of comments from Bank of England Monetary Policy Committee members since their last meeting.

Double-click on the links in brackets for the full story.

DAVID MILES, SPEECH IN LONDON, FEB 25

"There are still more risks of growth not recovering to more normal levels of than of substantially exceeding it."

"And around the most likely outcome for inflation -- which moves from well above the target to below it -- there are on balance a few more upside risks than downside risks. This is one of the reasons why the policy judgement is difficult and in my mind we should be ready to move either way."

KATE BARKER, INTERVIEW IN NEWS & STAR, FEB 25

"I think the recovery is coming, but it's not going to be particularly strong."

"There was some relatively weak data on consumer spending in January, but that's not surprising because of the weather and the return of VAT to 17.5 per cent."

"I've seen encouraging signs, because employment hasn't fallen as much as could have been expected."

"That is in part due to the flexibility of companies and their workforces, who have changed working patterns to avoid redundancies and have kept wage inflation down."

ADAM POSEN, INTERVIEW WITH REUTERS INSIDER TELEVISION, FEB 24

"There are certain circumstances under which more QE would be right. I want to emphasise we don't think that that's likely. We're simply leaving the door open, but if we have to we will."

"Sterling has stabilised since the end of 2008; it's big move was in 2007 to 2008 before we started QE. You can't say the UK currency was really at a low value when it started to fall -- if anything it does seem to have been overvalued, so it's quite reasonable it's stabilised where it's at and I'm not going to worry about it."

PAUL TUCKER, SPEECH IN LONDON, FEB 23

"Gradual recovery is in prospect. But it is still highly uncertain. I think it will take at least until the middle of the year for us to have much of a sense of whether growth will be anaemic or robust enough to begin to absorb the slack in the economy."

IN Q&A AFTER SPEECH

"I would be very nervous about changing the inflation target in this country or anywhere else. There is too great a risk of inflationary expectations taking off. I think the other thing about doing it now is that it would just confuse."

MERVYN KING AT TREASURY COMMITTEE, FEB 23

Asked whether more QE might be needed, King said:

"It may be. We'll have to see how things pan out. My particular concerns at present derive from the state of the world economy and our largest trading partner, the euro area.

"Despite the depreciation of sterling we haven't so far seen much evidence of a pick up in net trade in the UK, which is an important part of our rebalancing.

"This is a decision we look at month by month."

KATE BARKER AT TREASURY COMMITTEE, FEB 23

"The most significant question is how far is mortgage lending going to be constrained going forward, given the difficulties with bank finance. It seems more likely than not to me that mortgage finance is clearly not going to be available going forward on the terms it used to be. It seems to me there are still adjustments in the housing market."

"I was rather surprised by the strength of prices in the housing market through last year and it's possible some people delayed decisions to move or put houses on the market. In some sense that can't continue. It's also possible the housing sector will be quite weak through this year."

PAUL FISHER, SPEECH IN LONDON, FEB 18

"We are not going to take it (QE) out unless we think there is a risk of inflation going above target."

"The effect of QE keeps working, it's a levels thing."

KATE BARKER, INTERVIEW IN BELFAST NEWSLETTER, FEB 18

"Do I think it's possible we will have another quarter of negative production at some point? I do think it's possible and I think the recovery will be quite hesitant but I wouldn't necessarily describe that as a double-dip."

MINUTES TO MPC'S FEB 3-4 MEETING, FEB 17

"All members felt that the arguments in favour of leaving the size of the asset purchase programme unchanged at this meeting were more persuasive. But for some members, the arguments were finely balanced."

"For some members, there also remained risks that adding to the size of the asset purchase programme might increase the chance of unwarranted increases in asset prices, and that attempting to eliminate the degree of spare capacity too rapidly might eventually result in more inflationary pressure."

MERVYN KING, LETTER TO CHANCELLOR ALISTAIR DARLING ON CPI,

FEB 16

"Although inflation is temporarily above the target, the latest Inflation Report forecast suggests that the underlying pressures are to the downside."

"Equally, if at some point in the future, the medium-term outlook for inflation threatened to rise above the 2 percent target, the committee would tighten monetary policy."

MERVYN KING, INFLATION REPORT PRESS CONFERENCE, FEB 10

"Although the MPC last week announced a pause in its programme of asset purchases, it is far too soon to conclude that no more purchases will be needed. So the Committee will keep its options open, and further purchases will be made if they prove necessary to keep inflation on track to meet the target in the medium term."

(Editing by Ruth Pitchford)