Monday 6 July 2009

Liam Halligan is a bit concerned about the UK printing presses.

Writing in the Sunday Telegraph economist Liam Halligan has expressed his concern about the quantitative easing (QE) being carried out by the Bank of England. This has not led to a lowering of UK gilt yields and will increase inflation. Halligan says the banks are keeping the QE cash themselves, on reserve or lending to their off-balance sheet vehicles.

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