BGN Entrepreneur

The Bank of England must play a blancing act with inflation. However, fears of deflation dominated earlier this year, while now critics argue that QE could be storing up inflationary pressures in the economy, which could blow out next year.
Recently, the Bank has kept its monetary policy on hold, leaving both the bank rate and its quantitative easing program unchanged. The Bank’s policy committee has decided to gauge the impact of last month’s surprise £50bn boost to the QE policy, which has now used £125bn to free up credit markets, before expanding the program once more.
Minutes of the MPC’s last meeting showed rate-setters considered then adding the further £25bn of stimulus that will take the scheme up to the £150bn limit sanctioned by Chancellor Alistair Darling. It is also widely expected that interest rates will stay at their 0.50% low for some time, and that the next move will be upwards.

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