The Mudcat Café TM
Thread #117622 Message #2535049
Posted By: Jean(eanjay)
08-Jan-09 - 09:28 AM
Thread Name: BS: Printing more money UK What is that?
Subject: RE: BS: Printing more money UK What is that?
Interest rates have just been cut by 0.5% . If this latest cut does not work, the only path left is for quantitative easing, where the Bank effectively prints money and uses this to buy up long-term assets in the market place: here
There's an oak tree overhanging my garden so I'll be all right if they change to acorns instead. LOL