UK to compete with Zimbawe in Money printing?

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The Bank of England's Governor admitted yesterday that Britain is now in "deep recession" and signaled that it is ready to start "printing money" as soon as next month in aggressive, last-ditch moves to limit the slump.
Mervyn King indicated that the Bank is poised to move beyond relying on further interest rate cuts to combat recession. It will give a green light within weeks to a strategy of "quantitative easing", the modern equivalent of printing money, he made clear.



source: times online
 
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