Thursday, November 5, 2009
QE will continue for a long time yet. What’s the bets we hit Â£1 Trillion?
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 â€“ 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.