Thursday 6 August 2009

Bank of England signals recovery is far from assured as it prints £50bn more

Telegraph
"The decision by the Bank's Monetary Policy Committee (MPC) to increase the scale of the unprecedented programme of printing money, or quantitative easing, from £125bn to £175bn was consented to by Alistair Darling, the Chancellor of the Exchequer. ....The stock market also rose but sterling fell on fears that pumping money into the economy will stoke inflation."

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