Thursday, November 5, 2009

QE will continue for a long time yet. What’s the bets we hit £1 Trillion?

Bank of England expected to expand money-printing programme to £225bn

Should the MPC today vote to expand the money-printing programme, the increase would mean the Bank would soon be holding bonds worth more than 15pc of Britain's entire economy in its balance sheet – unknown territory for any developed world central bank in modern history. Gilt traders and foreign-exchange traders will be watching closely when the decision is announced at noon.

Posted by flintster1994 @ 10:59 AM (722 views)
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One thought on “QE will continue for a long time yet. What’s the bets we hit £1 Trillion?

  • “””
    “It is a lot of money, but if it does restart the economy and gets it moving again then it’s worth it,” said George Buckley, an economist at Deutsche Bank. “It’s very difficult to say if quantitative easing is working, but it is doing something.”
    “””
    … he said rubbing his hands together and grinning.

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