Wednesday, August 11, 2010

Is the Bank of England going soft on infalation?

We have not gone soft on inflation says King

Mervyn King gives a downbeat assessment of where the economy.

Posted by jac nixon @ 03:08 PM (1044 views)
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2 thoughts on “Is the Bank of England going soft on infalation?

  • cat and canary says:

    “He was also asked whether the bank should extent quantitative easing to lend directly to SMEs. Here he was unequivocal. It is not down to the bank to decide where the money it creates should go. It buys government bonds. If the government decides to use some of the money from these proceeds to lend to business, then that’s its decision”

    … and there you have it, the government cannot moan at the banks for not lending to SMEs

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  • “He was also asked whether the bank should extent quantitative easing to lend directly to SMEs. Here he was unequivocal. It is not down to the bank to decide where the money it creates should go. It buys government bonds. If the government decides to use some of the money from these proceeds to lend to business, then that’s its decision”

    Well, why are they doing it?

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