Loans and Finance

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Wednesday, February 18, 2009

Roll The Presses!

The Times reports that the Bank of England will write to the Chancellor asking permission to start printing money (quantitative easing), in order to buy up government and other securities.

The Bank, having almost exhausted its interest rate arsenal, is hoping that this will ease the credit drought.

All well and good, but this should have been done quite some time ago.

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