Bank to Pump Extra Pounds 50bn Into the Flagging Economy ; Move Douses Hopes of an Early Recovery
Western Mail › August 07, 2009
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Summary
RATE-SETTERS yesterday doused hopes of a rapid recovery after a surprise move to pump an extra pounds 50bn into the flagging economy.
The decision - taking quantitative easing efforts to boost the money supply to pounds 175bn - is the clearest sign yet that policymakers think the UK is still deep in the mire.See the full content of this document
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Bank to Pump Extra Pounds 50bn Into the Flagging Economy ; Move Douses Hopes of an Early Recovery
The move confounds speculation before the Monetary Policy Committee's (MPC) latest meeting that QE could be paused amid encouraging signs from industry as well as rising house prices.
But the MPC, which also left interest rates unc...See the full content of this document
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