Partner Article

Do we need Quantitative Easing?

Once again the Bank of England has resisted pressures from the European Central bank to introduce another round of quantitative easing..

Many believe that the decision not to inject further funds into the UK economy would have been a close one, in light of poor manufacturing figures and concerns over the Eurozone. However, the Bank appear to be determined to stick to their plans, appearing sceptical about the trustworthiness of official recession data.

So are the bank right to wait for more hard evidence about the state of the UK economy, or do active steps need to be taken to improve the UK economy?

This was posted in Bdaily's Members' News section by Ruth Mitchell .