Friday, 6 July 2012

Confession Of More Gilts By Bank Of England!

Mervyn King the Governor of Bank Of England announced Thursday that the Bank would further purchase 50 billion pounds worth of Gilts for the third time running as part of the bank's further Qantative Easing (QE) Monetory Policy, to supposedly expand the economy.

However, many economists have their doubts that the further cash injection would have the desired results to stimulate the economy. But there seem to be very few options available that Mervyn King could take to stop the ever shrinking UK's Economy.

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