The bank of England to continue quantitative easing, enlarging the scale, 50 billion pounds

Confucius News network to Britain in department report, the bank of England-the bank of England monetary policy committee announced on February 9, will continue to carry out the quantitative easing, its scale expanding 50 billion pounds ($80 billion) to 325 billion pounds ($520 billion).

At the same time, the monetary policy committee decided to continue to maintain the current 0.5% of the benchmark interest rates unchanged.

The bank of England since March 2009 had been the benchmark interest rate at 0.5% of the historical lows, and start with quantitative easing, the purchase of assets through to inject liquidity into its economy. The bank of England the move is aimed at further stimulate economic growth and avoid its economy into a recession.

The bank of England's monetary policy committee said that British consumer price index has from September 2011 to December highs of 4.2% of decline, inflation in the short term will down further, this is later more stimulus measures to provide space.

The committee said the most recent data to see all kinds of economic forecasts, the short term economic growth the weak pressure to further the stimulation of monetary policy, it is hard to realize its inflation rate of 2% in the control of the medium-term target.