In These New Times

A new paradigm for a post-imperial world

Bank of England governor outvoted in bid to launch fresh QE boost

Posted by seumasach on February 20, 2013

QE or not to QE- that is the question. These latter-day financial Hamlets face a dilemma: to sink the economy or to sink the pound. In the end it amounts to much the same thing: in the final denouement Claudius(Mervyn King) drinks the poison but Hamlet(the real economy) is fatally wounded as well as just about everyone else.


20th February, 2013

Sterling fell sharply on the foreign exchanges after news that the governor of the Bank of England, SirMervyn King, voted for fresh stimulus to boost the UK economy.

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