Bank of England's quantitative easing: Will it work?

Today has seen the Bank of England take a couple of measures that they hope will kick start the economy, the first is by reducing the interest rate to 0.5 per cent. The second and more daring is to move into quantitative easing, and many analysts, business leaders and economists have welcomed the move.

The Bank of England has reduced the interest rate for the past few months and it has not had the desired effect. This latest cut will help to support business and consumer confidence, but it takes time for see the affect from this.

The decision to move into quantitative easing was not an easy one to make, but the Bank of England had nothing else to try. I as well as the whole country hope that this drastic measure will help to support the economy, and start to get credit flowing again.

So do you think quantitative easing will work? Japan Sinks (Nihon chinbotsu) ipod

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