I have already detailed previously how QE works, however this video produced ‘straight from the horses mouth’ offers a great insight into what £200bn has been used for so far.
With QE expected to be eased today (ie no likely introduction of additional funds into the banking system), we will have to wait and see how the next inflation report makes the bank of england react with both QE and the bank base rate.
With the next report due shortly before the general election, the decisions will be very interesting indeed for both residential and commercial mortgage lending alike!
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