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Mpc 100% Behind Qe2 - Debated £50Bn - £100Bn Increase In Funny Money

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http://www.telegraph.co.uk/finance/financialcrisis/8835740/Bank-of-England-considered-100bn-of-QE.html

Bank of England policymakers voted unanimously for this month's restart of quantitative easing, and considered injecting even more than the £75bn agreed, minutes to the BoE's October meeting showed.

The BoE's Monetary Policy Committee surprised markets earlier this month by moving more rapidly and forcefully than expected to launch a second round of quantitative easing to support Britain's ailing economy.

Minutes to the October 5-6 meeting published on Wednesday showed that the BoE considered injecting between £50bn and £100bn into the economy.

"For some members, the substantial downside risks pointed to injecting a larger monetary stimulus than otherwise in order to place the UK economy in a stronger position were those risks to materialise," the minutes said. "Depending on developments in the euro area and financial markets, the size of the stimulus could be adjusted in either direction."

The BoE said that it did not expect the impact of this round of QE to be materially different to the 200 billion pounds of purchases conducted between March 2009 and February 2010.

So inflation to continue at the 5%+ level then.

Got to admire their determination to defy gravity. Flap harder guys.

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http://www.telegraph.co.uk/finance/financialcrisis/8835740/Bank-of-England-considered-100bn-of-QE.html

"

- The BoE said that it did not expect the impact of this round of QE to be materially different to the 200 billion pounds of purchases conducted between March 2009 and February 2010. "

So they're hell bent on spending >£200bn on achieveing the square root of sod all, all over again.

Thankless work. Save that is the the salary, pension, benefits, prestige and promise of a gong. How do they find the strength to get out of bed in the morning?

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Loonies - they print 75bln and inflaction sky rockets and they want to print more...

Nevermind - inflation will fall back sharply next year.... although they've been saying that for at least 3 years now...

Lying, useless gits.

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So they're hell bent on spending >£200bn on achieveing the square root of sod all, all over again.

They achieved exactly what they set out to do, which was to prevent the financial and public sectors from contracting.

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Loonies - they print 75bln and inflaction sky rockets and they want to print more...

Nevermind - inflation will fall back sharply next year.... although they've been saying that for at least 3 years now...

Lying, useless traitors.

fixed for you

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  • 284 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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