Bank of England continues on money-printing path it set out on in 2009
by Phillip Inman from on (#54QYR)
QE increase of 100bn shows Bank's answer to all economic problems is still to print cash
The Bank of England's decision to increase quantitative easing by 100bn at its June meeting to support the economy through the coronavirus crisis follows a well-trodden path.
Ever since the central bank began to print money and inject it into the financial system after the 2008 financial crash, its answer to any and all economic problems has been to print a bit more.
Related: Bank of England boosts bond-buying programme by 100bn - business live
Continue reading...