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Latest printing money Stories

2009-09-23 09:56:36

Policy members at the Bank of England voted unanimously, but held different opinions on an asset purchase program, September's meeting minutes show. Policymakers voted 9-0 to maintain the quantitative easing program at $287 billion, minutes of the Sept. 9-10 meeting show. But the same three policymakers who voted against an $82 billion increase in the program in August said the program might need to be increased further, The Times of London reported Wednesday. August was the only the third...

2009-08-19 11:07:12

Bank of England policy makers were split in a decision to increase the ceiling of a qualitative easing program, meeting minutes released Wednesday show. The minutes show bank Gov. Mervyn King and two Monetary Policy Committee members voted to increase qualitative easing earlier this month by $123.6 billion to lift the ceiling to a total of $329 billion. Qualitative easing, known as printing money, is a plan to purchase government and corporate bonds. King was voted down, as six committee...

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2009-02-18 15:15:00

The Bank of England is likely to begin printing money to ward off deflation, a leading British economist said. The question is when will -- rather than will -- the Bank of England engage in quantitative easing, Howard Archer, chief economist at HIS Global Insight said to The Times of London. Minutes from the most recent Monetary Policy Committee meeting show the nine committee members agreed bank Gov. Mervyn King should write Chancellor of the Exchequer Alistair Darling to seek permission to...


Word of the Day
toccata
  • In music, a work for a keyboard-instrument, like the pianoforte or organ, originally intended to utilize and display varieties of touch: but the term has been extended so as to include many irregular works, similar to the prelude, the fantasia, and the improvisation.
This word is Italian in origin, coming from the feminine past participle of 'toccare,' to touch.
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