Tuesday 4 August 2009

The Bank must keep the presses rolling

Telegraph
"A growing number now think the MPC will leave its Quantitative Easing programme unchanged. I have to say I suspect otherwise. It will be a close decision, and clearly it could go either way, but I feel the Bank has little option other than to extend the programme, raising the amount it will buy in bonds from the market from £125bn to at least £150bn."
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Comment: "Quantitative Easing" is devaluation in all but name

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