£25bn More QE signals UK still in the $£it but signs of improvement
The Bank of England says it will pour another 25 billion pounds into the economy and keep its main interest rate at 0.5 percent for the eighth consecutive month. The rate of spending will slow though in an attempt to finely balance rebooting the UK’s weakling economy and at the same time weening it off the financial adrenalin shots (or methadone depending on your point of view). The decision to continue the stimulation comes two weeks after disappointing news that …
The Bank of England says it will pour another 25 billion pounds into the economy and keep its main interest rate at 0.5 percent for the eighth consecutive month. The rate of spending will slow though in an attempt to finely balance rebooting the UK’s weakling economy and at the same time weening it off the financial adrenalin shots (or methadone depending on your point of view).
The decision to continue the stimulation comes two weeks after disappointing news that U.K. gross domestic product fell by 0.4 percent in the third quarter, contrary to expectations that the economy would move into growth.
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