| Sep 8 2010, 01:13:45 GMT | Sydney: | 11:13 | Tokyo: | 10:13 | Barcelona: | 03:13 | London: | 02:13 | New York: | 21:13 | San Francisco: | 18:13 |
Published 07/02/2009
- 7:46 p.m. EST
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Recent monetary policy in the U.K. has been far from “business as usual”. In response to the dramatic events following the collapse of Lehman brothers, the MPC cut interest rates to 0.5% and initiated a program of asset purchases financed by the creation central bank reserves, something which is popularly known as quantitative
easing,
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