BoE speeds up printing press

[bungee]

http://news.bbc.co.uk/1/hi/business/8037685.stm

The Bank of England has kept interest rates on hold at 0.5% and announced that it will inject an extra £50bn into the UK economy.
With little room for rate cuts the Bank has been pumping money into the banking system through quantitative easing.

It has spent about £54bn so far and is on track to spend £75bn by June. It will now extend its spending to £125bn.

[D-Mack]

Re: BoE speeds up printing press

ECB trims rates, edges into QE with bank bonds buy
Reuters, Thursday May 7 2009
* ECB cuts rates to 1.0 percent, says appropriate for now
* To buy covered bank bonds, likely 60 bln euros' worth
* Doubles maximum length of liquidity operations to 1 year
* Trichet says move is not quantitative easing

http://www.guardian.co.uk/business/feedarticle/8495352

I don't know what to say

[*T*]

Re: BoE speeds up printing press

I don't know what to say

how about, "we're frikkin dOOmed!"

[Mega]

Re: BoE speeds up printing press

i AM very DISSAPOINTED BY MY EURO-BROS.............i expected them NOT to fall into this trap. I expect they try "Price stabilaty" (Price controls)........

Mike