Showing posts with label quantitative easing. Show all posts
Showing posts with label quantitative easing. Show all posts
Thursday, October 10, 2013
Bank Rate and QE Unchanged
The Bank of England has left interest rates unchanged at 0.5% and QE untouched.
Tuesday, June 25, 2013
Farewell Sir Mervyn
Sir Mervyn King is giving evidence to the Commons Treasury committee for the last time as governor of the Bank of England.
During his valedictory appearance he hinted that Jane Austen will appear on future £10 notes, he also welcomed the responsibility for bank supervision being returned to the Bank of England.
He is no fan of austerity for countries with no other means of promoting growth, and noted that it had been a disaster for those countries; in the meantime QE in the UK, in his opinion, will continue to run for the foreseeable future as will the current low levels of interest rates.
During his valedictory appearance he hinted that Jane Austen will appear on future £10 notes, he also welcomed the responsibility for bank supervision being returned to the Bank of England.
He is no fan of austerity for countries with no other means of promoting growth, and noted that it had been a disaster for those countries; in the meantime QE in the UK, in his opinion, will continue to run for the foreseeable future as will the current low levels of interest rates.
Thursday, July 5, 2012
Bank of England Increases QE £50BN
The Bank of England has left interest rates unchanged. However, it has increased quantitative easing by £50BN over the next four months.
The rationale for turning on the printing presses again being the persistent lack of economic growth, slowing export markets and weak business indicators.
The rationale for turning on the printing presses again being the persistent lack of economic growth, slowing export markets and weak business indicators.
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