Well no, actually. The amount of paper cash wont actually rise from the current c. £40bn mark after the MPC’s decisions to embark on quantitative easing . The money created instead will be flooded into high street and commercial banks in an attempt to get them lending once again – “back at 2007 levels” if you believe our PM. Which you shouldn’t. Essentially, in spite of what some on the MPC have argued – that the transition mechanism of monetary policy is broken – they today decided that inflation in Britain will soon fall below 2 per cent. It may even go negative.  So: Accordingly, the Committee also resolved to undertake further monetary actions, with the aim of boosting the supply of money and…