March 5, 2009
Pump cash into the British Economy
Story link: Pump cash into the British Economy
As mentioned in a previous post, quantitative easing is one method of trying to stabilise an economy, but as history has proved, it is not a method that always has a positive outcome.
The combination of decisions from the Bank of England with the interest rate drops and now this could potentially stabilise the economy, or put it in further difficulty, only time will tell!
Pump cash into the British Economy
The financial crisis will enter a new phase today when the Bank of England announces that it will fight the economic downturn by pumping hundreds of billions of pounds into the economy.
The Bank is expected to confirm at lunchtime that it will embrace quantitative easing, the process of buying up government and corporate debt.
