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Bank to pump £75bn into economy

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  • #1

    Bank to pump £75bn into economy

    The Bank of England unveils plans to inject £75bn of new money into the financial system and cuts interest rates to 0.5%.

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  • #2
    Re: Bank to pump £75bn into economy

    Sounds good, but I'm afraid that quantative easing could really hurt the average man in the street in the medium term. If not managed correctly, then we are in the realms of runaway inflation. I remember the 70's when the inflation rate was 17.5 percent. It looks good on the surface but will be a disaster if not managed properly.

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