At last. It may have taken five years but today the European Central Bank is expected to press the button on its own quantitative easing scheme.
Before that jargon turns you off, this is big news. Quantitative easing – the printing of electronic money, which is used to buy government bonds – is the nuclear button in the central banking arsenal.
It’s what you do when interest rates are already rock bottom and still your economy is stalling.
The Bank of England has printed £375bn of cash – enough to buy every property in Scotland and Northern Ireland.
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Source: uk.finance.yahoo.com