QE2

Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

AtW replied

19 October 2010, 20:16
Tories are happy for "independent" Bank of England to continue printing money - later Tories can wash their hands and say it was "independent" and (probably) Governor was incompetent but they could not do anything about it since BoE was "independent".
Leave a comment:
d000hg replied

19 October 2010, 20:14
Have the Tories expressed their opinion on the previous QE, and plans in future - are they happy for the BOE to go off in their own direction or do they want greater government control?
Leave a comment:
AtW started a topic QE2

19 October 2010, 19:37
QE2

Mervyn King hints at fresh round of quantitative easing

Bank of England governor says strong case for pumping money into economy to spur growth and stop inflation falling below 2% (AtW's comment: oh FFS, what 2% inflation when fuel is like £1.20 per liter, ffs - easily 100% up in 5-7 years!)

Bank of England governor Mervyn King signalled tonight that he was closer to embarking on a second round of quantitative easing after he said there was a strong case for pumping funds into the economy to spur growth and prevent inflation falling below its 2% target.

King warned the next decade would be bumpy and the UK would struggle to claw back the 10% of output it lost following the banking crash.

A lower exchange rate is expected to support a rise in exports and help rebalance the economy towards investment and exports.

King famously described the 10 years after the mid-1990s as the "nice" decade – an acronym for non-inflationary, consistently expansionary.

More from the source: Mervyn King hints at fresh round of quantitative easing | Business | guardian.co.uk
Tags: None