New QE 'will hit £100bn'
the Bank of England will
FLOOD the ECONOMY with 100 bn of freshly-minted money to
offset public spending cuts, forecasters say.
the centre for Economics
and Business research also said interest rates are unlikely
to rise from their current 0.5pc for two years.
Chancellor george osborne
has signalled he will give his blessing to a new wave of
money creation if the Bank of England Governor Mervyn King
[Bilderberger] wants it.
That would come on top of
the £200 billion the bank has already pumped into the
economy under its[innocuous] QUANTITIVE EASING programme.
US Central Bank the Federal
Reserve has already hinted it is considering more QE to
counter high unemployment and the threat of DEFLATION.
Adam Posen, a member of the
Bank's interest rate-settling committee, has called for more
QE here to avoid the risk of a Japanese-styl'lost decade'.
[Caps & comments in
brackets are ours]