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Bank Of England Unexpectedly Decide Not To Use The Last £25bn Of Qe Or Extend Qe

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The Bank of England’s Monetary Policy Committee today voted to maintain the official Bank Rate paid on commercial bank reserves at 0.5%. The Committee also voted to continue with its programme of asset purchases totalling £125 billion financed by the issuance of central bank reserves.

The Committee expects that the announced programme will take another month to complete. The Committee will review the scale of the programme again at its August meeting, alongside its latest inflation projections.

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Ooh... Hamish won't be happy over on MSE.

He was mouthing off the other day that the BoE should chuck HALF A TRILLION :blink::blink: at the economy to get things back to 'normal.

Poor wee thing...

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sounds like a bluff to me. make things seem better than it really is.

i agree but how much longer have the prudent savers got to pay for bailing out these idiot borrowers with these ridiculously low interest rates, haven't savers and pensioners done their part

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Is there a point they start selling the bonds back and destroying the money?

... or will they just forget about it and write of the mostly govt debt off!!!!!

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