Bank of England Does More QE, European Central Bank Fiddling

Bank of England Does More QE, European Central Bank Fiddling

Bank of England Does More QE, European Central Bank Fiddling

Moneybox
A blog about business and economics.
Feb. 9 2012 8:26 AM

Bank of England Does More QE, European Central Bank Fiddling

With unemployment high, inflation expectations falling, and nominal interest rates near zero the Bank of England of course chose to do more quantitative easing. My dream would be to live in a world where it's that simple. But the European Central Bank lights the way toward another pass where in the face of a worsening economic outlook you just choose to keep interest rates at 1% rather than cutting them. Sure unemployment is high and rising, but why do anything about it?