Bank of England may risk printing more money
THE failure of high street banks to ease lending could force the Bank of England to print more money, experts believe.
The policy, called quantitative easing, is designed to increase the money supply by boosting the reserves of the banking system. But it also carries a risk of hyperinflation and has been on hold since the last stock of £200billion was spent in February.
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Howard Archer, chief UK economist at the think-tank Global Insight said: “If the Bank’s monetary policy committee does make any adjustments to monetary policy in the near term, it is most likely to be to revive quantitative easing.”