Site Map del.icio.us Blog this page


What the economists say: Quantitative easing £25bn boost

published Thu, Nov 05 2009 07:56 GMT
What do economists make of the MPC's decision to expand its QE programme and leave interest rates at a record low of 0.5%?The Bank of England's monetary policy committee decided today to pump another £25bn into the economy, taking its quantitative easing (QE) programme to £200bn. It also left interest rates unchanged at 0.5%, their lowest on record. Here is what City economists and other commentators think about the decisions.Colin Ellis, European economist at DaiwaThe MPC today opted to leave interest rates unchanged, as expected, and to increase its total asset purchases to £200bn, from the £175bn that had previously been completed. The extra £25bn will be spent over the next three months, meaning that the purchase programme will continue ...

Click for more articles from www.guardian.co.uk