September 21, 2011

Bank minutes suggest further round of QE

by Kay Mitchell

Minutes of the Bank of England’s September 7-8 meeting have been released today and have revealed all nine members of the Monetary Policy Committee (MPC) voted to keep interest rates at the historic low of 0.5%. This was the second consecutive month that the Committee voted unanimously to keep rates at the record low after […]

September 16, 2011

Vince Cable supports fresh round of QE

by Kay Mitchell

Business Secretary Vince Cable has today said the Bank of England should consider a fresh round of quantitative easing (QE) to stimulate the economy. A recent slew of weak data has also led some analysts to believe that the central bank will consider further QE – also known as printing money. In a pamphlet published […]

September 15, 2011

Bank of England policymaker calls for state-owned SME bank

by Jan Harris

Adam Posen a rate setter on the Bank of England’s Monetary Policy Committee (MPC) wants the Government to establish a state-run bank focused on helping small UK businesses. The bank would resemble the USA’s Small Business Administration (SBA) and would help small businesses secure credit. America’s SBA was established in 1953 and offers loans and […]