Saturday, 31 October 2009

Bank of England called on to increase QE

"The Bank of England has been urged to increase its quantitative easing (QE) programme to a total of £225bn – more than the gross domestic product of Greece. ...Malcolm Barr of JP Morgan said: "Our best guess is that the MPC will extend QE by a further £50bn next week while also cutting the interest paid on a portion of reserves to zero. With inflation rising sharply as we move into early 2010, and signs of recovery broadening, this move is likely to be the last."

No comments: