We have updated our Terms of Use.
Please read our new Privacy Statement before continuing.

Take a deep breath

19 January 2009 By Edward Hadas

The latest bank rescue plan includes £50bn of support from a type of money creation the Bank of England buys assets with cash raised from new Treasury debt. The next step is straight printing. The authorities should be wary: quantitative easing could spawn inflation later.

This content is for Subscribers only

 

Email a friend

Please complete the form below.

Required fields *

*
*
*

(Separate multiple email addresses with commas)