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Protesters Tell Bank of England Bond-Buying Plan Isn’t Working

  • Pressure group held demo outside central bank on Wednesday
  • Criticism of QE has grown since BOE restarted asset purchases
Positive Money campaigners protest in front of the Bank of England in London on Aug. 17.

Positive Money campaigners protest in front of the Bank of England in London on Aug. 17.

Photographer: Frank Augstein/AP
Updated on

The Bank of England’s quantitative-easing program isn’t working and should be abandoned in favor of other stimulus measures, according to demonstrators who gathered outside the central bank on Wednesday.

About 40 protesters met and chanted “create money for people, not financial markets,” “our money, our country, our future” and “stop QE,” while waving placards and holding up a banner. The rally, organized by Positive Money, called for alternatives to bond-buying and came just two weeks after policy makers said they would restart asset purchases to help stave off the economic shock from Britain’s Brexit vote.