http://news.bbc.co.uk/1/hi/business/7881178.stm
The former MPC members are now urging the Bank to consider the use of quantitative easing - creating money to buy assets - as a tool for ensuring economic stability.
The Bank has already begun drawing from the Asset Purchase Facility - a government-authorised fund - to buy high-quality corporate debt and similar assets.
Dr DeAnne Julius told the BBC: "We are clearly at the end of monetary policy as we know it."
How long before we see the £10,000,000,000,000,000 note?
The former MPC members are now urging the Bank to consider the use of quantitative easing - creating money to buy assets - as a tool for ensuring economic stability.
The Bank has already begun drawing from the Asset Purchase Facility - a government-authorised fund - to buy high-quality corporate debt and similar assets.
Dr DeAnne Julius told the BBC: "We are clearly at the end of monetary policy as we know it."
How long before we see the £10,000,000,000,000,000 note?
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