MAIL ONLINE: The Bank of England is gearing up for another round of quantitative easing – or printing money – as an insurance against a stagnant UK economy slipping back into recession.
City economists are confident that the Bank will pump another £50billion into the economy by next month, possibly even this week.
This would expand the size of the QE programme to £250billion since March 2009.
The policy is the preferred way to boost the economy as an alternative to dropping interest rates, which are already very low at 0.5 per cent.
However, the process could raise inflationary pressures, at a time when households are already struggling with rapidly rising energy and food prices. » | Geoff Foster | Monday, October 03, 2011
