Extra £25bn to stimulate economy
The Bank of England's rate-setters have decided to pump an extra £25bn into the economy in their quantitative easing (QE) programme.
They also kept interest rates unchanged at 0.5% for an eighth month.
The Bank has already spent £175bn on QE, which involves printing money to buy assets from banks and other companies to stimulate the economy.
More: http://news.bbc.co.uk/1/hi/business/8344189.stm
The Bank of England's rate-setters have decided to pump an extra £25bn into the economy in their quantitative easing (QE) programme.
They also kept interest rates unchanged at 0.5% for an eighth month.
The Bank has already spent £175bn on QE, which involves printing money to buy assets from banks and other companies to stimulate the economy.
More: http://news.bbc.co.uk/1/hi/business/8344189.stm
Comment