To step up the efforts to rescue the British economy, the Bank of England once again cut its interest rate to a new all time low and has planned to pump a huge amount of money into the banking system.
However, the public seems to have less confidence about the effectiveness of these government measures, especially the “quantitative easing,” commonly referred to as “printing more money”.
Some people asked, “Is it a brave or barmy move?”
For the full story by Dongying Wang, published by Xinhua News Agency in March 2009, please click here. Also, please return to the blog to post your comment.
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