It said unemployment remained too high for a change in its quantitative easing policy.
So I agree with you to certain extent, Quantitative Easing policy has indeed failed.
As well as helping the Monetary Policy Committee to fulfil its inflationary aims, the quantitative easing policy has helped to stoke demand for gilts.
The markets also took heart from a robust defence of the Federal Reserve's money-creating quantitative easing policy by its Chairman Ben Bernanke, giving testimony before Congress.
But three years on since the Bank of England launched its quantitative easing policy, the central bank seems to be pleasing very few people at all.
That is why I would expect the Office for Budget Responsibility to tell us in the Autumn Statement that this quantitative easing policy is going to save the government money overall, even if the Treasury does have to send some money back to the Bank.
Sir Mervyn King said the other day it would be wrong for the Bank to write off the government debt it had bought as part of its quantitative easing policy, because that would be an act of fiscal policy - and an irresponsible one, at that.
The OBR has taken a look at the quantitative-easing policy and decided, over the course of its life, it will be a net positive for the chancellor.
Nor did the Fed expect that it would need to use unconventional methods to continue easing after hitting the zero-bound, which is perhaps why it was years late in moving to the open-ended quantitative-easing policy adopted last year.
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In the longer term, the quantitative-easing policy in the U.S. and the bond-buying in Europe could lead to a depreciation of both the dollar and the euro, which would make the stock market a riskier investment compared with commodities, analysts believe.
The comments made Thursday by Fed Chairman Ben Bernanke suggest the quantitative-easing policy will be in place for a while, and analysts say many people will leave the bond market to seek better returns in the coming weeks, fueling share-price increases.
The minutes of the last FOMC meeting showed members believe that further quantitative easing of monetary policy will be required if the U.S. economy does not show improvement soon.
Many market watchers perceive the EU bailout package and further measures to shore up the U.S. economy will amount to more quantitative easing of monetary policy by central banks.
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Importantly, many market watchers perceive the EU bailout package and further measures to shore up the U.S. economy will amount to more quantitative easing of monetary policy by central banks.
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According to the FOMC statement that announced the second round of quantitative easing, the policy hinged on revamping inflation expectations and stabilizing consumer equity, starting by the easing of lending conditions.
The Federal Reserve uses quantitative easing, a policy of buying bonds, to increase the money supply and improve liquidity in the financial system in the hope of sparking economic growth and supporting employment.
Importantly, the market place has at least initially perceived the FOMC statement as suggesting there will not be a fresh round of quantitative monetary policy easing measures coming from the Fed any time soon.
There will be a lot of news to monitor and digest over the next few days and the prospect of additional quantitative easing and lower monetary policy rates this year could help stall the recent slide in gold prices.
The combination of a zero interest rates policy and quantitative easing is what has pushed government bond yields to historical lows.
When the Federal Reserve Board published its recent meeting minutes revealing dissent regarding the current policy of quantitative easing, the stock market took a tumble.
The effect would be to restart the policy of quantitative easing that Japan used to claw out of its banking crisis between 2001 and 2006.
Whatever you think about the government's fiscal policies, or the Bank of England's policy of quantitative easing, they have not produced much economic growth in the past two years.
On the sun-drenched golf courses of the the south coast they're already annoyed at the way their savings have been undermined by the Bank of England's policy of quantitative easing.
They were interested in the chancellor's decision to take hold of the big pile of interest payments sitting in the Bank as a result of its policy of quantitative easing.
Both would probably admit that the Bank of England's decision to buy about a third of the total stock of public debt as part of its policy of quantitative easing didn't hurt.
ChartObject Federal Funds Target RateAccording to Investopedia, quantitative easing is a government monetary policy occasionally used to increase the money supply by buying securities, such as U.S. Treasury Bonds, in the open market.
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Which leaves us, finally, with the Bank of England, and its eagerly awaited decision on Thursday, whether to continue injecting more money into the economy or put the policy of quantitative easing back on hold.
As with the policy of quantitative easing pursued in America and Britain, there may be diminishing returns to unorthodox policies: having banks load up on even more domestic government debt is not ideal, for example.
Sonders and fellow roundtable participant Charles Brunie both found huge significance in the ending of the Bank of Japan's policy of quantitative easing of interest rates, and concluded that it is producing an international monetary squeeze.
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