• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • Go to Positive Money Europe
  • Go to Positive Money US

Positive Money

Making money and banking work for society

  • About us
    • Our vision
    • Who we are
    • History & highlights
    • Contact us
    • Current vacancies
    • In the media
    • Funding & Annual Reports
  • What we do
    • Educate & empower
    • Research and Policy
    • Campaign & local groups
    • Influence decision makers
    • In the media
    • International Movement
    • Events
  • Resources
    • Videos
    • Publications
    • Local group resources
    • Lobby your MP
    • Organise an Event
    • Policy resources
    • Shop
  • Press
  • Blog
  • Donate
  • Positive Money Europe
  • Positive Money US

Bank of England ‘Super Thursday’: Positive Money comment

by Simon Youel

The Bank of England's February decision
Commenting on the Bank of England’s unanimous decision to keep interest rates at 0.75%, Positive Money executive director Fran Boait said:

“The Bank of England bind continues into 2019, as the central bank wants to raise rates to build up ammunition for future downturns, but is constrained by uncertainty around Brexit and the resilience of the UK economy.

“In today’s low rate, low growth environment, the Bank of England cannot continue to rely on interest rates as its main mechanism for influencing demand in the UK economy. With potential economic shocks on the horizon, the Bank will need to consider new tools such as ‘helicopter money’ or overt monetary financing, which would inject spending power directly into the real economy.”

About Positive Money

Positive Money campaigns for a money and banking system which supports a fair, democratic and sustainable economy. Set up in the aftermath of the financial crisis, Positive Money is a not-for-profit company funded by charitable trusts and foundations, as well as small donations from its network of over 65,000 supporters.

Bank of England & QE, Press releases, QE for people / Helicopter money Bank of England, Helicopter Money, monetary policy, monetary policy committee, press release, QE for People

Simon Youel

Policy and Media Officer, Positive Money

Simon works on Positive Money’s influencing programme, focusing on media engagement and policy research.

Before joining Positive Money, Simon handled media outreach for a number of technology companies and campaigns, and worked in a variety of roles in local government. He has a Masters in History from the University of Manchester, for which he specialised in the financialisation of the British economy.

Primary Sidebar

Get our latest campaign updates

Recent Posts

  • To tackle the cost of living we need to align banks with public purpose
  • Bank of England’s historic interest rate hike: Positive Money response
  • Why politicians are wrong to blame the ‘money supply’ for inflation
  • Glasto glory: hundreds join the call for affordable housing
  • The Future Of Finance: Report Launch

Footer

Follow us on social media

  • Facebook
  • Instagram
  • Twitter
  • YouTube

This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License.


Privacy Policy, Terms & Conditions


Positive Money is a company limited by guarantee registered in England and Wales. Registered number 07253015.
Registered office: 104 Davina House, 137-149 Goswell Road, London EC1V 7ET.


Positive Money Europe