Thursday, 5 November 2009

Bank of England primes money presses for another £25bn to fight recession

"The Bank's Monetary Policy Committee voted to extend its programme of quantitative easing (QE) by £25bn to £200bn as it stepped up the fight against the most severe recession the country has faced in post-war history. It left interest rates unchanged at the historically low level of 0.5pc."
Bank of England pumps extra £25bn into economy (Independent)
Bank of England to inject another £25bn into economy as rates remain at 0.5% (Daily Mail)

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