13:51 PM, 7th June 2012, About 9 years ago 3
Hardly surprising, but still good news for borrowers is that the Monetary Policy committee voted to keep the Bank Base rate at 0.5% today. Of more interest though is the decision not to increase the levels of quantitative easing.
So far £325 billion has been used to stimulate the economy using the mechanism of quantitative easing. This is effectively the printing of imaginary money to buy back government borrowing in the form of Bonds or Guilts. The theory is that this will recapitalise the institutions that have purchased these government loans and release money that can be invested elsewhere into the economy.
It is very difficult to see if quantitative easing has had any effect as the economy is not currently growing, but would we be in a much worse position without it. The Bank of England is adopting a wait and see policy to economic growth which on the face of it would seem counter intuitive with the current climate. However, the fear is that if things did improve the stimulus provided so far could start to unwind and produce inflationary pressures that would be hard to control and potentially damaging.
My guess is that we may have to wait and see what happens in Europe before we get any big economic decisions in the near future.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
Previous ArticleBuy to let semi-exclusive rates are made available by BM Solutions
Next ArticleEuro MPs kick out EU buy to let mortgage regulation
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|