Friday, November 6, 2009
Some interesting charts on QE
As we all know, the Bank of England is creating money (it doesnâ€™t like to call it â€œprintingâ€ but the net result is the same) like gangbusters. This morning it committed to creating a further Â£200bn of the stuff. Now, what alarms many of you, and rightly so, is the fact that it is using this money to buy Government debt.