MPC set to add £50bn to QE programme

[BrilloPad]

If they did then people would probably pay off expensive debt (credit cards) and this would cause dip in banks profitability, loss of confidence etc...

I would spend mine on a sofa. Wouldn't we all?

[SupremeSpod]

If they did then people would probably pay off expensive debt (credit cards) and this would cause dip in banks profitability, loss of confidence etc...

Which would free up some of their other income to spend on goods and services.

You really are a retarded fuqwit when it comes to economics, aren't you?

[AtW]

Why don't they just give us each £1000.

If they did then people would probably pay off expensive debt (credit cards) and this would cause dip in banks profitability, loss of confidence etc...

[TimberWolf]

Why don't they just give us each £1000.

[Martin@AS Financial]

Doesn't look like we are quite out of the woods yet.

(Taken from Mortgage Strategy)

The Bank of England is set to inject another £50bn of stimulus into the UK economy in a bid to stave off recession.
According to The Telegraph, the latest round of quantitative easing is set to be announced on Thursday, bringing the total amount pumped into the UK economy to £375bn.
Calls for more QE have been hardened by the fall of inflation in the UK to a two-and-a-half year low of 2.8 per cent, a marked fall from being above 5 per cent in September 2011..
Minutes from last month’s MPC meeting showed four of the nine-strong committee voted in favour of more QE, including the Bank’s governor Mervyn King.
Last month, the head of the International Monetary Fund Christine Lagarde said the BoE should look at lowering interest rates from 0.5 per cent and introduce more QE in a bid to support the UK economy.