UK credit and liquidity schemes met with uncertainty

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Reactions to the June 14 announcements that the UK government and the Bank of England (BoE) are to work together to try and better the credit and liquidity situations in the economy have been mixed. While banks' share prices rose, market commentators expressed caution.

"The UK Treasury and the BoE still have work to do fleshing out their intentions. Until their plans are finalised, markets will be well advised to reserve judgment," says Stephen Lewis, chief economist at Monument Securities in Lo

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