Thursday, July 9, 2009

Pump up the volume

Bank may pump more cash into UK

The Bank of England is expected to keep interest rates at their historic low of 0.5% on Thursday. But it may announce an extension of its quantitative easing scheme under which it prints money to buy bonds in order to stimulate the economy.

Posted by quiet guy @ 01:56 AM (924 views)
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4 thoughts on “Pump up the volume

  • Very easy to start, not so easy to stop.

    Another terrible mistake by GB and BOE.

    Just watch what happens when this money – now being stored – hits the streets.

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  • tenyearstogetmymoneyback says:

    hpwatcher said.

    “Just watch what happens when this money – now being stored – hits the streets.”

    Whose streets ? I thought all of this money was going abroad, or being used to replace
    foreign money which is now being repatriated. On of the main causes of the bubble was letting
    foreign banks pump £800 billion into the British economy, most of it in the form of short term loans.

    :- Duncan

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  • matt_the_hat says:

    “Taking on the extra £25bn would allow the Bank’s Monetary Policy Committee (MPC) to see the next set of quarterly economic forecasts before it decides whether to ask the Treasury to extend the scheme further.”

    You can’t see the forecasts till you print more money – GB

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  • Good point, mth. Let’s just read that again:

    Taking on the extra £25bn would allow the Bank’s Monetary Policy Committee (MPC) to see the next set of quarterly economic forecasts before it decides whether to ask the Treasury to extend the scheme further.

    What?

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