Bank of England adopts ‘wait and see’ attitude amid world turbulence

Thursday, August 4th 2011 - 22:18 UTC

Full article 4 comments

The Bank of England left its main interest rate at a record low 0.50% on Thursday for the 29th month in a row amid weak economic growth in Britain and a debt crisis in the Euro-zone. The quantitative easing QE program was also left stand-by at £200 billion. Read full article

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briton
either they know something we dont,
or they know nothing at all, and just praying,
Aug 04th, 2011 - 10:25 pm - Link - Report abuse 0
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Artillero601
:-))
Aug 05th, 2011 - 04:41 pm - Link - Report abuse 0
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ElaineB
Probably waiting for Cameron to come back from his holiday before announcing QE3. Then it will look like he is back, in command and solving the problem. Trouble is, everything is so volatile and jittery it is difficult to predict the results of any announcement.

It is criminal the way the hedgefunds are playing the Euro debt market. They are profiting at the expense of everyone else. Argentina know the consequences as they were £ucked by them ten years ago.
Aug 05th, 2011 - 04:58 pm - Link - Report abuse 0
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Fido Dido
yesss, print print print print.
What is Quantitative Easing (QE)? Again, print “free” money (interest is close zero percent) buy the debt of the banks who are in reality (on the balance sheet that they hide) insolvent, add that debt on the national debt (that the people will pay for with real interest, ohh how fair is that), and allow the speculators (banksters, hedgefunds) continue to speculate while the savers are being BURNED.

Ohh how brilliant.
Aug 05th, 2011 - 05:25 pm - Link - Report abuse 0
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