Thursday, January 7, 2010
Conway starts to get it
Roger Bootle, says the following: â€œNot only should the Committee extend QE further, but I think that it should consider going the whole hog and cutting interest rates all the way to zero. In the end, the Bankâ€™s decision might be less about the wider economy than about the financial system. Looked at through one prism, the problem at the moment is that banks are still not lending as much as they could and should.