Loans and Finance

Loans and Finance


News and information about loans, money, debt, finance and business issues.
Powered by

Wednesday, August 19, 2009

King Outvoted

Mervyn King, Governor of the Bank of England, wss outvoted (6-3) by fellow members of the Monetary Policy Committee on 6 August when he and two others argued for a £75BN injection of cash into the economy via quantitative easing.

Instead the Committee settled for £50BN.

Given that the injection in itself came as a surprise to many, it is clear that the Bank has greater concerns about the economy than it may be stating in public.

No comments:

Post a Comment