Bank of England leaves further stimuli and rate on hold

Friday, November 9th 2012 - 06:15 UTC

Full article 4 comments

The Bank of England has decided not to extend its quantitative easing (QE) stimulus program, which has injected £375bn into the UK financial system. Under QE, the Bank creates money and uses it to buy government bonds to try to stimulate the economy. Read full article

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Guzz
That sounds like someone is filling their pockets...
Nov 09th, 2012 - 06:35 am - Link - Report abuse 0
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Britworker
@1
Really, I'm surprised you can hear anything over those pots and pans, can you hear them in Uruguay? It sounds to me like a country that chose not to get saddled to Euro and is able to stimulate its economy independently. Look at Ireland for gods sake, they can't even fart without prior approval from Brussels. Anyway, when we achieve the international insignificance of Uruguay, let me know :-)
Nov 09th, 2012 - 09:59 am - Link - Report abuse 0
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British_Kirchnerist
We need a stimulus, and doing nothing or cutting will only make things worse, but our version of QE was indeed filling someones pockets, the someone in question being the same banks who got us into this mess. We gave the money to them to restore their confidence so they could invest, and guess what, they just took it and hoarded it - no-one saw that one coming eh!
Nov 09th, 2012 - 10:20 am - Link - Report abuse 0
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briton
The bank of England is merely being prudent and careful,

After all, we will need this when we leave the EU.
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Nov 09th, 2012 - 01:19 pm - Link - Report abuse 0
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