Bank reports on impact of quantitative easing
The Bank of England's Quarterly Review on its Asset Purchase Facility published on Monday showed the bank maintained its holding of UK gilts at £198 billion ($306 billion).
The Asset Purchase Facility Fund was first established on 30 January 2009 with the aim to boost the supply of money and credit and raise the rate of growth of nominal spending to a level consistent with meeting the inflation target.
The Fund was initially authorised to buy up to £50 billion of private-sector assets. However
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