Bank of England will have its fingers crossed as it starts printing money experiment

Telegraph
"In the autumn of 2007, Ben Bernanke, the US Federal Reserve chairman, realised things were very bad. The US central bank began to slash interest rates and to engage in what he likes to call "credit easing" - dropping newly-created Fed money into markets that had seized up. ...About a year and a half later, the Bank of England has arrived at a similar conclusion. The Old Lady is getting ready to follow with her own "quantitative easing" (QE) - but will go about it in a different way. ...It will adopt a different approach to Bernanke's. Rather than, as it were, taking to its monetary helicopter and dropping newly-printed money into distressed securities and markets, the Old Lady will buy UK government bonds and, probably, high grade corporate securities. In contrast, the Fed has reduced its holding of US Treasuries in the past year."