Bank of England leaves rates and QE unchanged waiting for next set of stats

Friday, October 5th 2012 - 06:02 UTC

Full article 5 comments

Bank of England's Monetary Policy Committee (MPC) has decided at its monthly meeting on Thursday not to introduce any new stimulus measures. It has kept interest rates at their record low of 0.5% and not to raise the amount of quantitative easing (QE) from the current level of £375bn. Read full article

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DanyBerger
Stagnation nah!

Have Mervyn King tried Viagra® to see if the economy shows any sign of warming up?
Oct 05th, 2012 - 12:54 pm - Link - Report abuse 0
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Franco Álvarez
@1 jejeje

mervyn is impotent like the UK economy, oweing TRILLIONS in loans.
Better to have a few billion of dept and a little hardship than what is coming to UK.

jejejeje
Oct 05th, 2012 - 01:39 pm - Link - Report abuse 0
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Conqueror
@1 & 2 Do try to understand, kiddies. The value of the UK's economy is so far beyond yours that you would need an astronomical telescope to even see it. In addition, your REAL inflation rate is around 25%. The UK's inflation rate is 2.5%. Get that? Your inflation is TEN TIMES ours. Your GDP is around ONE THIRD of ours. You need to learn how to work. YOU are a crap country. Get used to it!
Oct 05th, 2012 - 05:00 pm - Link - Report abuse 0
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RobWilliams
@3 Indeed.

It's been said before; who is poorer? A man owing £5000 but will make his repayments, or a man owing £50 with no prospect of paying it back.
Oct 05th, 2012 - 06:35 pm - Link - Report abuse 0
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DanyBerger
@ Briton

UK economy is no so big as you believe just inflated for an overvalued currency after all is just paper.

UK GDP is USD 2.418 trillion but with an over value currency. You sure will agree with me that little UK cannot have a stronger economy than US to have a currency 62% higher than US.

So to avoid speculative value over currencies as is done with inflation using deflators, and if we perform some sort of convertibility here and stick all economies to the dollar as world currency for example using a dollar peg. UK economy will be just USD1.492,59 trillions.

While Argentina economy would be USD 2.3 trillions (using cheap official exchange rate).

That is the reason why countries as Brazil, China, etc which always had a strong industrial an service sector and have been a huge economy just since long time ago in a couple of years have surpass easy for example countries as UK.

So I think to see how big UK economy is we will have to measure UK’s output.
After all production, productivity and capacity installed and items traded, etc is what a big economy is all about.

So don’t be surprise for been surpassed by Nigeria in the near future, your country lots 4 positions just in a couple of years...
Oct 06th, 2012 - 08:41 am - Link - Report abuse 0
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