BoE looks to expands unconventional operations

The Bank of England has indicated that it wants to extend its quantitative easing programme to cover secured commercial paper.

The Bank, at present, has plans to spend £125 billion ($199 billion) on buying government debt, corporate bonds and high-quality commercial paper through its Asset Purchase Facility. Under proposals issued on Monday, the Bank said that it intended to extend the facility to cover secured commercial paper "to support the provision of working capital to a broad populatio