BoE injects £75 billion to save stalling economy

Bank of England

The Bank of England has increased the size of its asset purchase programme for the first time in almost two years in a bid to revive the dwindling recovery in the UK.

The Bank said its Monetary Policy Committee (MPC) voted to increase the size of its asset purchase programme by £75 billion ($114 billion) to £275 billion, due to "vulnerabilities associated with the indebtedness of some euro area sovereigns" that had resulted in "severe strains" in bank funding markets and financial markets. The

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