QE2 will add to UK's inflationary woes, not boost lending


          

刊名：PrintWeek
作者：Simon Nias
刊号：853C0054
出版年：2011
年卷期：2011, vol.2011, no.OCT. 14
页码：8-9
总页数：2
分类号：TS8
语种：eng
文摘：The Bank of England's plan to boost lending by increasing the amount of money in the system did not work last time and it's not likely to work now words. There is something rotten in the Bank of England. According to the its pamphlet on quantitative easing (QE), the Bank is "committed to low and stable inflation" because it is "crucial to a thriving and prosperous economy". What a joke. Controlling inflation - and specifically keeping it as close as possible to the 2% target set by government -is supposedly the Bank's raison d'etre. And yet the Monetary Policy Committee (MPC), led by Bank of England governor Mervyn King, has failed to achieve this for the past 21 months.



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