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BOE extends help
Source: Agencies |
February 10, 2012, Friday
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Print Edition
Print Edition
THE Bank of England voted to inject more cash into the economy to shore up a fragile recovery and shield the country from fallout from the unresolved eurozone debt crisis.
The BOE yesterday said it would buy another 50 billion pounds (US$79 billion) of assets - mostly government bonds - with freshly printed money, taking the total to 325 billion pounds, as economists had expected. The central bank also left its key interest rate at a record-low 0.5 percent.
The BOE yesterday said it would buy another 50 billion pounds (US$79 billion) of assets - mostly government bonds - with freshly printed money, taking the total to 325 billion pounds, as economists had expected. The central bank also left its key interest rate at a record-low 0.5 percent.
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