BOE Will Expand Stimulus by 100 Billion Pounds, CEBR Predicts

Blacklight

The Bank of England will expand its stimulus program by 100 billion pounds ($160 billion) to aid the economic recovery, the Centre for Economics and Business Research said.

The central bank will also keep its benchmark interest rate at a record low of 0.5 percent until at least “late” 2012, the London-based group said in an e-mailed statement yesterday. The bank kept its stimulus plan at 200 billion pounds this month.

bloomberg

Looks like all the talk of double dip from the media and Carol and a small number of people posting negative comments on the Daily Mail website has put the frighteners on the BoE.

System

I wonder what sort of QE we'll see this time.

BlondeHeadOn

Joeskeppi wrote: »

I wonder what sort of QE we'll see this time.

Presumably this will be called the "QE2" ????

1984ReturnsForReal_2

Joeskeppi wrote: »

I wonder what sort of QE we'll see this time.

How about giving £100bn to the poorest people that will put every single penny back into the economy?

Or build our forthcoming infrastructure projects early?

Oh no. That money is already being taken away.

Lets just keep up with the failing method & chuck in another couple of hundred billion in 6 months time.


Just a thought.

Charlton_King

Blacklight wrote: »

Looks like all the talk of double dip from the media and Carol and a small number of people posting negative comments on the Daily Mail website has put the frighteners on the BoE.

... or maybe they can see better than your average right wing ranter on here what these Tory/Libdem idiots have actually cooked up for us...

Blacklight

Charlton_King wrote: »

... or maybe they can see better than your average right wing ranter on here what these Tory/Libdem idiots have actually cooked up for us in order to get us out of the mess that is the largest post war debt which 13 years of socialism gave us

Fixed that for you.

Charlton_King

Charlton_King wrote: »

... or maybe they can see better than your average right wing ranter on here what these Tory/Libdem idiots have actually cooked up for us in order to worsen the mess which Tory-voting and funding bankers gave us

Fixed again.

Graham_Devon

Blacklight wrote: »

bloomberg

Looks like all the talk of double dip from the media and Carol and a small number of people posting negative comments on the Daily Mail website has put the frighteners on the BoE.

Although I can see the need, there is a real danger of becoming totally accustomed to these low rates. Indeed, I think we are partly there already.

Keeping them this low until 2012 would mean moving them up to any resemblence of the average rate could possibly create massive problems.

We are storing up a hell of a long road to real recovery here.

I can see how great it is for today. But I fear how negatively this may impact on us in the future.

Blacklight

Graham_Devon wrote: »

Although I can see the need, there is a real danger of becoming totally accustomed to these low rates. Indeed, I think we are partly there already.

Keeping them this low until 2012 would mean moving them up to any resemblence of the average rate could possibly create massive problems.

We are storing up a hell of a long road to real recovery here.

I can see how great it is for today. But I fear how negatively this may impact on us in the future.

Just one more thing for the youth of today to complain about in a couple of years.

You can see it now:

Mum and Dad stole everything and now David Cameron hates me too because he's decided that interest rates should go up, so unfair!

Get off my lawn btw.

greenbubble

once they print they just cant stop themselves from doing it again ... and again ... and again ...

look out 'the moon' , we are heading straight for you.

green

Heyman_2

Graham_Devon wrote: »

Although I can see the need, there is a real danger of becoming totally accustomed to these low rates. Indeed, I think we are partly there already.

Keeping them this low until 2012 would mean moving them up to any resemblence of the average rate could possibly create massive problems.

We are storing up a hell of a long road to real recovery here.

I can see how great it is for today. But I fear how negatively this may impact on us in the future.

We have nothing to fear for the future Graham. Have you read 'How to Stop Worrying and Start Living' by Dale Carnegie?