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Bank Leaves Door Open For Qe Increase In February


MrFlibble

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(Reuters) - Bank of England policymakers left the door open for an additional injection of cash into the faltering economy in February, judging that the time was not ripe yet for more easing given uncertainty about the euro crisis, minutes to the Bank's Dec 7-8 meeting showed on Wednesday.

All nine members of the central bank's Monetary Policy Committee voted to maintain the target level of quantitative asset purchases at 275 billion pounds and the key interest rate unchanged at the record low of 0.5 percent.

Overall, the MPC concluded that the balance of risks for growth and inflation had not really changed over the past month.

However, some of the policymakers flagged their readiness to boost the economy further.

More at the link...

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Not really a surprise is it? The magic money printing machine is the solution to all ills, don't you know ... I can't figure out why previous administrations didn't just hit the 'print' key whenever economic bad times beckoned, those idiots!

Since the economy hasn't raged with hyperinflation following the initial print of a couple of hundred billion pounds of funny money, the authorities figure that they have stumbled upon the secret of eternal wealth. A bit of inflation for the proles (with the elites benefiting from first access to the new cash), to be handwaved away my Merv with lies about 'temporary factors' is about the worst that they believe will happen. In fact, the clock is ticking.

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MOAAAAR!

Moaaaar, you want moaaaar? :) Unfortunately Merv and his cronies will no doubt deliver...

Shame the inflationary effects of all this printed money take so long to filter through as it's preventing the average Joe from putting two and two together and arriving at seven :lol:

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