We seek back over seven years of ultra-loose monetary policySeven years ago on Saturday (5 March),the Bank of England slashed interest rates to a record low of 0.5%. At the time, the cut and plans to pump billions of pounds of electronic money into the economy seemed like an emergency measure to cushion the UK from the global financial crisis. But borrowing costs are still at their record low and amid warnings that a original global slump is around the corner, and Bank policymakers indicate no signs of raising rates any time soon.
We seek back over seven years of ultra-loose monetary policy:Continue reading...
Source: theguardian.com