Wednesday, Aug 11, 2010
Is the Bank of England going soft on infalation?
Investment & Business News: We have not gone soft on inflation says King
Mervyn King gives a downbeat assessment of where the economy.
Posted by jac nixon @ 03:08 PM (611 views) Add Comment
2 Comments
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. cat and canary said...
"He was also asked whether the bank should extent quantitative easing to lend directly to SMEs. Here he was unequivocal. It is not down to the bank to decide where the money it creates should go. It buys government bonds. If the government decides to use some of the money from these proceeds to lend to business, then that’s its decision"
... and there you have it, the government cannot moan at the banks for not lending to SMEs
2. hpwatcher said...
"He was also asked whether the bank should extent quantitative easing to lend directly to SMEs. Here he was unequivocal. It is not down to the bank to decide where the money it creates should go. It buys government bonds. If the government decides to use some of the money from these proceeds to lend to business, then that’s its decision"
Well, why are they doing it?