Bank of England Hikes QE By £50 Billion As Expected, As China Cuts Benchmark Rate in Surprising Move

From Zero Hedge:

While everyone was expecting the BOE to return back to QEasing with a £50 Billion increase in its asset purchase program(me), to a total of £375 billion, which is what just happened, the bigger news came 1 second before the BOE announcement, with China declaring it has cut benchmark interest rates as once again the fate of the whole world is in the hands of small groups of academics, promising each other bottles of Bollinger if they can only get the S&P500 over 1,400. In other words, once again small groups of people around the world sat down and conspired (perfectly legally) to manipulate global interest rates. No hearings are scheduled.

http://www.zerohedge.com/news/bank-england-hikes-qe-%C2%A350-billion-expected-china-cuts-benchmark-rate-surprising-move