Mises Wire
Author:
George Pickering
Online Publish Date:
Earlier this month, the Bank of England altered the bank rate of interest for the first time since 2009, pushing it from 0.5% down to 0.25%, with a further cut to 0.1% expected later in the year, and an accompanying £70 billion programme of new quantitative easing. This dramatic — if predictable — shift in British monetary policy (further detailed