On March 7, 2009 the Bank of England began its aggressive policy of monetary stimulus, slashing interest rates to 0.5% and commencing quantitative easing. Now, four years on, with the UK economy teetering on the brink of a triple-dip recession, there is little sign that this stance is set to change soon. Interest rates in the UK are still at 0.5% and quantitative easing has reached £375 billion.
Meanwhile, the European Central Bank has declared it will maintain a loose monetary policy stance fo
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