Government denies that it's ready to print more money
Jan 08, 2009 | Comments 0
Reports have been denied by the British Government that they are set to print more money, but they did add that no options have been completely ruled out to boost the economy.
Britain is poised today waiting to see if the Bank of England will be cutting interest rates again after the country is being battered by the worse financial crisis in 80 years.
It’s expected today that the Bank of England will cut the interest, it’s widely expected that the rate will be cut by half a percent or more taking the interest rate down to historical lows.
The Treasury spokesman said today that the Chancellor is ready to consider all options to aid in the recovery of the British economy, printing more money is not acute at this time.
With the UK falling deeper into recession, Alistair Darling, Chancellor talked of how the government would deal with a zero interest rate.
Source: Forbes
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