The verdict on 10 years of quantitative easing

In March 2009 the Bank of England began to slash interest and buy bonds - has it worked?

Over the past decade an experiment has been underway in Britain since the Bank of England reduced interest rates to almost zero and cranked up the money printing presses of quantitative easing (QE).

Ten years ago this week, Threadneedle Street dropped borrowing costs to the lowest level in the Bank's 324 years of existence and embarked on the bond-buying programme of QE, never before tested in Britain.