BoE injects £75 billion to save stalling economy
Bank of England Monetary Policy Committee votes for further round of quantitative easing; increases size of asset purchase programme to £275 billion
The Bank of England (BoE) has increased the size of its asset purchase programme for the first time in almost two years, in a bid to revive the dwindling recovery in the UK.
The Bank said its Monetary Policy Committee (MPC) voted to increase the size of its asset purchase programme by £75 billion to £275 billion, due to "vulnerabilities associated with the indebtedness of some eurozone sovereigns" that had resulted in "severe strains" in bank funding markets and financial markets. The committee
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