Tuesday, Jan 06, 2009
Bank of England ready for one final push (on the string)
Reuters: Bank set to cut interest rates to record low
"We are sceptical that QE in the strict sense, i.e. flooding the banking system with reserves, will give the real economy a significant push, especially as this did not appear to have a material effect in Japan," said Investec's Shaw.
Posted by paul @ 06:34 PM (166 views) Add Comment
1 Comment
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1. Paphos Property said...
This push or as said 'final push' is the need of the hour. Governments all over the world are taking similar steps by cutting interest rates, announcing export incentives and taking more strong steps to increase money flow. Hope things turn around soon.