Bank responds to double dip with QE boost
5th July 2012
THE Bank of England's Monetary Policy Committee decided to inject extra money into the economy today with a fresh round of Quantitative Easing.Responding to continuing economic gloom, the MPC expanded the Bank of England's QE programme by £50bn to £375bn.Despite suggestions that a cut was on the card interest rates were again pegged at 0.5% as the ecomony continued to flounder amid low confidence and the ongoing euro zone situation.The extension of the QE scheme - criticised because it has not reached the 'real economy......for the full story register now for free or login below...
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