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More Thoughts on the Economy Part III

By Andy Shaw | January 25, 2010

Originally Posted 6th January 2009

What Now for Monetary Policy?

The 8th Jan is nearly upon us and despite this it’s going to be good news for us property investors. Conventional monetary policy ease, through which central bank target interest rate cuts, at present is nearly useless at guiding the economy. Over the next few months we in the UK will join Japan, USA and Switzerland on rates that are at a maximum of 0.5%. But with these monumental cuts our economy is still in freefall and  will continue to remain so after these cuts have taken shape.

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Topics: Government, The Economy | Comments Off

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