the bank of england started quantitative easing in the 1930s.
the bank of england started quantitative easing in the 1930s.
when did the bank of england start quantitative easing?
1930s
beginning in march 2009, the bank of england had purchased around £165 billion in assets as of september 2009 and around £175 billion in assets by the end of october 2009. at its meeting in november 2009, the monetary policy committee (mpc) voted to increase total asset purchases to £200 billion. most of the assets purchased have been uk government securities (gilts); the bank has also purchased smaller quantities of high-quality private-sector assets. in december 2010, mpc member adam posen called for a £50 billion expansion of the bank's quantitative easing programme, while his colleague andrew sentance has called for an increase in interest rates due to inflation being above the target rate of 2%. in october 2011, the bank of england announced that it would undertake another round of qe, creating an additional £75 billion. in february 2012 it announced an additional £50 billion. in july 2012 it announced another £50 billion, bringing the total amount to £375 billion. the bank has said that it will not buy more than 70% of any issue of government debt. this means that at least 30% of any issue of government debt will have to be purchased and held by institutions other than the bank of england. in 2012 the bank estimated that quantitative easing had benefited households differentially according to the assets they hold; richer households have more assets.
quantitative easing
section::::terminology.









































section::::terminology.:qualitative easing.









































professor willem buiter of the london school of economics has proposed a terminology to distinguish "quantitative easing", or an expansion of a central bank's balance sheet, from what he terms "qualitative easing", or the process of a central bank adding riskier assets to its balance sheet:









































section::::terminology.:credit easing.









































in introducing the federal reserve's response to the 2008–09 financial crisis, fed chairman ben bernanke distinguished the new program, which he termed "credit easing", from japanese-style quantitative easing. in his speech, he announced,
quantitative easing