Bank of England leaves rates on hold and pledges to boost money supply

Daily Mail
"The central bank instead kept the focus on its so-called quantitative easing program, under which it effectively creates new money by buying assets such as government securities and corporate bonds, and paying for them by crediting banks' reserve accounts.
....The current program is the first time that modern Britain has resorted to the measure, after the series of interest rate cuts left interest rates at a near floor and all-time low in the bank's 315-year history."
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Comment: "quantitative easing" is devaluation in all but name.