Bank compromises with £25 billion QE expansion

bank-of-england

The Bank of England said on Thursday that it would expand its quantitative easing programme by a further £25 billion ($41.5 billion), taking its total injection into the UK economy to £200 billion.

The Bank also said it would hold interest rates at the current historic low of 0.5%.

The Bank's Monetary Policy Committee (MPC) noted the tussle between the already sizeable stimulus and the persisting tightness of credit, saying: "On balance, the Committee believes that the prospect is for a slow rec

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