IMF: You need to print more money

Discussion in 'Economics' started by Grandluxe, May 22, 2012.

  1. The International Monetary Fund has called on the Bank of England to cut interest rates and resume printing money to boost demand in the economy. It has also asked the UK government to prepare a Plan B for deficit reduction if these measures do not work.

    In a tough assessment of the UK's economic prospects, the fund said
    the economy had not responded as it had hoped and risks of continued stagnation were high.

    It said "further monetary easing is required" and should happen with more quantitative easing and a cut in the 0.5 per cent interest rate.