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telegraph.co.uk - 3/5/2009
Bank of England cuts interest rates and announces plans to print £150bn
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The Bank's Monetary Policy Committee voted to cut interest rates by half a percentage point to a new historic low of 0.5pc, and said it would immediately pump 75bn of cash into the economy. The sweeping move - known as quantitative easing and considered to be the "nuclear option" for central ...

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Stefan Karlsson's blog:  Bank Of England Starts Quantitative Easing

naked capitalism:  Guest Post: UK Embarks on Quantitative Easing

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Bank Of England Starts Quantitative Easing
Stefan Karlsson's blog — As expected, the Bank of England reduced short-term interest rates to 0.5% today, leaving them with little room to cut further. But no need to worry (in case you did worry about it inflating too little), the Bank of England will now start what is called "quantitative easing", which is to say purchasing assets and paying for them with money created "out of thin air". ...

Guest Post: UK Embarks on Quantitative Easing
naked capitalism — Submitted by Lune On March 5th, the Bank of England announced that for the first time in its >300 year history, it will begin quantitative easing to lower interest rates and increase the UK's money supply. Details from The Telegraph: The Bank's Monetary Policy Committee voted to cut interest rates by half a percentage point to a new historic low of 0.5pc, and said it would immediately pump £75bn of cash into the economy. The sweeping move - known as quantitative easing and considered to be ...

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UK Begins Quantitative Easing — Calculated Risk
From The Times: Bank to begin 'printing money' to boost economy The Bank of England will start pumping newly created money into the economy today by buying £2 billion in gilts as it embarks on "quantitative easing" in an effort to boost the economy. ... Mervyn King, the Governor of the Bank, ...
UK: BoE Cuts Rate to 0.5%, Begins Quantitative Easing — Calculated Risk
From The Times: Bank to 'print' £75bn of new money as it cuts rate The Bank of England ... confirmed it is beginning a strategy of so-called “quantitative easing”. ... The MPC ordered another half-point cut in base rate from an existing 1 per cent that was already the lowest in the Bank’s ...