The Bank of England continued to buy British bonds, which is the same as printing money. The ECB extended loans to European banks in the Euro Zone in a crisis that everybody thinks mimicks the 1930’s.
Germans are suspicious of the ECB or the Bank of England buying bonds. It reminds them of the hyper-inflation of the 1920’s. Already the inflation level in Europe is 3% despite the crisis. The ECB has decided not to raise or lower interest rates but to keep them the same for now. They may soon have to act.