Tuesday 27 September 2011

Bank of England poised to boost QE

Fresh hint from MPC member Ben Broadbent comes as ILO report warns of 'massive jobs shortfall' in G20 countries

the Guardian, 26 September, 2011
Britain's central bank stands on the brink of "printing" more electronic money to prevent a slide back into recession and surge in unemployment amid warnings that the world's major economies are heading for a "massive jobs shortfall" by the end of next year.

Ben Broadbent, who joined the Bank of England's monetary policy committee in the summer, said any further signals that the UK economy was about to contract would persuade him to boost the bank's £200bn quantitative easing programme.

For article GO HERE

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