Swiss Economicblogs.org
In spite of the Bank of England’s latest monetary stimulus, ambitious fiscal package may be needed to deal with steep drop in growth foreseen for next year On 4 August, the Bank of England (BoE) managed to beat market expectations by announcing a policy package that included a 25 bp rate cut (to 0.25%), a Term Funding Scheme (TFS) “to reinforce the pass-through” of the rate cut, a GBP60 bn increase in the bank’s purchases of government bonds, as well as up to GBP10 bn in corporate bonds...
Read More »BoE cuts rates, expands asset purchases. To what end?
