Showing posts with label Quantitative Easing. Show all posts
Showing posts with label Quantitative Easing. Show all posts

Monday, 10 October 2011

If you find quantitative easing hard to swallow, try eating fennel

Autumn sweet fennel at its best

According to the Press Association, the Bank of England gave its clearest signal yet this weekend that we are on the verge of a double-dip recession and to stave off further decline, it is going to release £275 billion pounds (£75 billion more than previously thought) of 'new money' into the economy via the banks. Speaking on Sky's Dermot Murnaghan Sunday programme, Dr Matin Weale, a senior member of the Bank of England's Monetary Policy Committee, said that, "There is quite a lot of scope for further quantitative easing. Before the purchases we announced last week, the amount of Government debt in the system was actually higher than it had been before the earlier bout of quantitative easing."