As per our post on 5th of May, it looks like the Bank of England will start another round of Quantative Easing (QE).
From the latest Monetary Policy Committee Minutes released today:
For some of these members, it was possible that further asset purchases might become warranted if the downside risks to medium-term inflation materialised
A tip of the tinfoil to FT Alphaville.
UPDATE: via the Wall Street Journal:
QE 2 Proves No Silver Bullet
Federal Reserve officials have been warning for months that the controversial $600 billion bond-buying program they initiated last year wouldn't be a panacea for an ailing U.S. economy. That's one forecast they seem to have gotten right.
