Friday, Apr 10, 2009
£75bn today. How many £bn next?
Telegraph: Bank of England speeds up quantitative easing
The Bank of England is speeding up the pace of quantitative easing – accelerating the rate at which it is buying gilts in a sign that it may buy more than £75bn worth of government debt. The Bank's Monetary Policy Committee yesterday voted to leave interest rates on hold at 0.5pc and reaffirmed its commitment to spend £75bn of newly created money on bonds. The announcement caused gilt prices to rally as traders dismissed previous fears that the Bank's commitment towards quantitative easing would fall short of the original pledge of £75bn.
Posted by quiet guy @ 06:00 PM (487 views) Add Comment
3 Comments
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1. bidin'matime said...
Can anyone sing the Zimbabwean national anthem...?
2. Bear said...
Zimbabwe Dollar was at PARITY with US dollar not long ago.
3. hpwatcher said...
Gordon Brown will absolutely wreck the UK economy trying to win the next general election....