Qualified advisers answering your
Financial Questions
call 0800 092 1245

MPC committee vote in favour of quantitative easing

The minutes for the recent Bank of England monetary policy committee meeting have been released today and show that all members of the committee are in favour of commencing quantitative easing as soon as possible. There was also concern in the minutes that the committee has been "slow" in reducing interest rates in the UK over these troubled times which has led to a run on sterling today.

It would appear from the minutes that UK base rates are certain to fall at next month's meeting and are likely to approach 0% in the short term. The move towards quantitative easing is literally the last chance saloon for the UK authorities which will allow them to "print money" in order to fund future investment in a recovery in the UK economy. As yet there has been no confirmation from the government that quantitative easing will begin in the short term but speculation has been growing over the last few weeks.

A move towards quantitative easing is sure to attract criticism from all opposition parties and the UK taxpayer in general. It is in effect an admission that the rescue packages which have cost billions and billions of pounds have not worked and are unlikely to make a difference in the short term.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details