Bank of England injects another £50bn into UK economy

Aaron Strutt Image

The Bank of England's Monetary Policy Committee (MPC) has voted for more quantitative easing (QE) and will increase the size of its asset purchase programme by £50bn.

The aim is to give a further stimulus to the UK economy and this will take the QE programme to a total of £275bn.

The MPC also said that it would keep interest rates on hold at 0.5%.

February 10, 2012

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