So once again the BOE inflates the money supply by another outrageous amount, what will they blame the rise in prices on, when the INFLATION finally filters through to the high street.
The good thing about FIAT MONEY (money with no backing what-so-ever) is you can print as much as you want.
GREAT.

Andrew Snowden, Keighley, England

Banks still don't trust each other. This is a global phenomenon, not a UK one. Until this changes, LIbor will remain high and liquidity relatively low. I struggle to see a reason why the situation should change. Everyone seems to backing 'hope'.

Michael, London,

The BOE must have the printing presses running 24 hours a day to pay for this.........

Jin, London, UK

Please, tell me how much money does the Bank of England have. It seems they have a never ending source available. Surely their must be a limit to handouts.

Terry Elcock, Cambridge,

Does anyone know what they are doing in government. If there is such a large demand for money, then it must reflect that there is a shortfall of immediate funding needs by the banks of around 60 million pounds stirling. The banking crisis is definitely continuing.

Jim Wills, Brisbane, Australia

As the BoE base rate is more than 0.75% below the Libor rate, the banks are getting a bargain. The BoE therefore has scope for three quarter-point rate rises to strengthen Sterling and attenuate the inflationary pressures building up in the economy.

Paul, Coventry,

Will someone please point out to Mervyn that there is a big difference between controlling inflation and putting sticking plasters on an unsustainable housing bubble.

Tony Peterson, kendal,