British QE to give 300 billion-pound boost to spending: BoE's Haldane

British QE to give 300 billion-pound boost to spending: BoE's Haldane
 

The Bank of England's 435 billion-pound ($534 billion)government bond-buying program is likely to bring about a 300 billion-pound increase in overall spending in Britain, equivalent to three times annual public health spending, the BoE's chief economist said on Wednesday.
Andy Haldane also said the quantitative easing program would lead to the central bank holding around a third of the stock of British government bonds by 2018.
The BoE announced an expansion of its QE program in August, along with a cut in interest rates, as it sought to offset the hit to the economy from the country's... read more

 
19 October 2016 in Business, Views: 43
Source: Reuters
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