Economic recovery in Britain is “broadly on track” but the road
ahead is likely to be bumpy, according to a leading Bank of England
policy-maker.
Bank of England’s £200bn asset purchase scheme has boosted GDP by as much as
3pc say economists, as MPC votes against extending it.
No change there, then. The Bank of England’s latest Monetary Policy Committee meeting has kept the bank rate at 0.5 per cent, and announced that there will be no increase…
The Bank of England has left interest rates at a record low level as it keeps
support in place for the fragile recovery.
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The pound rose for the first time in more than a week after much brighter than
expected data from Britain’s dominant services sector eased fears that the
economy may have slipped back into recession in the first quarter.
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We won’t pretend to understand all of this 2008 Federal Reserve paper.
The basic premise seems to be that central banks can separate monetary policy from actual money. They…
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