Saturday, Aug 28, 2010
UK Monetary policy options
Reuters: How the BoE could loosen monetary policy
The Bank of England considered easing monetary policy at its last two rate-setting meetings, but with interest rates already at 0.5 percent its standard option for reducing borrowing costs is of limited use. While most economists polled by Reuters believe the BoE's next move will be a rise in interest rates rather than policy loosening, a growing number are considering the options open to the central bank if the economic outlook darkens.
Posted by quiet guy @ 02:58 PM (996 views) Add Comment
5 Comments
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1. paul said...
Talk of loosening monetary policy now is akin to ruminating over slackening your belt a notch when your trousers are already around your ankles.
Don't they get it REAL INTEREST RATES ARE ALREADY NEGATIVE - you can't loosen monetary policy any further without stoking inflation a la Zimbabwe!!
2. estrader said...
“Insanity is doing the same thing, over and over again, but expecting different results.”
-Rita Mae Brown, U.S. writer
3. Khards said...
The outlook for another boom (supported by low interest rates) which can't be stopped easily are looking ever more realistic.
4. Crunchy said...
"QUANTITATIVE EASING VIA CONVENTIONAL GILT PURCHASES
- What? Expansion of existing policy of buying conventional British government bonds with maturities of at least three years with (newly created central bank money.)"
Of course it's not printing or money expansion.
5. sj032 said...
Estrader, I believe that quote to be Einstein's
"The definition of insanity is doing the same thing over and over again and expecting different results".