Wednesday, 21 January 2009

New Bank of England powers will start in weeks

Telegraph
"The Bank of England will embark on unprecedented new measures to pump cash directly into the economy in "a matter of weeks", Mervyn King has pledged. ... However, most attention will be focused on his description of how the Bank will conduct quantitative easing - whereby it pumps cash directly into the economy to boost growth and lending."
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Q&A The Bank of England and Quantitative Easing

"Q So what exactly is quantitative easing?
A In short, the nuclear button for central banks."
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COMMENT: You have been warned

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