Bank of England
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How will more quantitative easing help the economy?

The Bank of England has announced another round of quantitative easing to the tune of £50bn, taking the total amount of money created from nothing since the start of the financial crisis to £375bn.

Interest rates have been kept at the historic low of 0.5%, which has remained unchanged since 2009.

Gerard Lyons from Standard Chartered, told BBC Radio 5 liveWake Up To Money that he was cautiously in favour of more QE.

To listen to other 5 live interviews, please visit the Best Bits page.

  • 05 Jul 2012
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