Wednesday, Jul 29, 2009
To QE or not QE, that is the question...
Telegraph.co.uk: Lending data raises quantative easing fears
Renewed concern about the effectiveness of the Bank of England's quantitative easing policy surfaced on Wednesday after the release of data showing consumer borrowing is down to its lowest level for 15 years.
A sharp drop in money supply figures added to the worries but a further rise in mortgage approvals provided more pointers to stabilisation in the housing market although many potential buyers say they are struggling to find money.
Posted by hotfoot @ 06:11 PM (353 views) Add Comment
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