What it is going to do is stimulate the economy, hopefully, in some other ways by making credit more available to people who haven't yet bought houses or to companies who haven't invested in equipment, to companies or investors who want to do some borrowing and put more money into their own enterprises.

NPR: Will Interest-Rate Cut Really Help?

In Britain, banks still face high borrowing costs and remain nervous about lending more to small and medium-sized enterprises: a new credit-easing programme about to be introduced by the BoE and the Treasury is long overdue.

ECONOMIST: Quantitative easing: QE, or not QE? | The

Higher borrowing costs deter private-sector companies, but do not discourage inefficient state-owned enterprises, because they are less bothered about their return on capital.

ECONOMIST: Economics focus: A stitch in time saves nine | The