UK contracted by 0.4% in Q3 and gave signals of gradually starting to exit quantitative easing by the relatively smaller £25bn further injection into economy, which is believed to be the last portion of a £200bn sum.
Lower interest rate is also expected to change the movement in upwards direction from mid 2010 onwards and a figure of 2% at the end of 2010 from the current level of 0.5%.
Is UK about to close a chapter of:
Expansionary monetary policy
+Expansionary fiscal policy
+Interest rates near zero?
2010 will be an interesting year to find out.
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