What experts were debating in the run up to today’s announcement from the Bank of England’s MPC was quantitative easing. Views were mixed on whether or not more money would be put into the economy. £175 billion has been put into the economy so far and there are mixed views on how effective that has been.
However, the MPC has decided to pump a further £25 billion into the economy - a move welcomed by businesses who believed that the economy would stall without it.
