Bank of England holds on quantitative easing
The Bank of England has opted to wait and see what impact its quantitative easing programme is having before pledging a further boost to the money supply.
The Bank, as expected, also maintained bank rate at an all-time low of 0.5%.
The Bank has so far agreed to use £75 billion ($109.8 billion) out of a potential pot of $150 billion to boost the money supply through outright purchases of government and corporate bonds. The Monetary Policy Committee said on Thursday that it had spent $26 billion
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