" The hapless MPC members are still drawing their huge salaries, and not a whiff of an apology for failing to hit their inflation targets for months, nor a hint that they recognise they contributed to the crash through their boom-bust monetary policy.
Now they are firmly back in boom boom mode. This time they have not only pressed the interest rate accelerator flat to the floor, wrecking returns for savers in the process, but they have put a couple of turbo chargers on the vehicle in the form of quantitative easing." (John Redwood)
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