Bank granted new powers to aid markets

The Bank of England has been given new powers, including the potential to undertake quantitative easing, as part of renewed efforts to safeguard the financial system, announced by the British Treasury on Monday.

The measures also include a move to underwrite banks' toxic assets, which apes Washington's recent lifelines to Citigroup and Bank of America.

The Treasury said on Monday that the Bank will set up an asset purchase programme to buy up to £50 billion-worth ($72.5 billion) of high-quali

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: