Watchman Alfrescian Loyal Joined Mar 12, 2009 Messages 13,160 Points 0 Nov 6, 2009 #1 Extra £25bn to stimulate economy , 5 November 2009 The Bank of England's rate-setters have decided to pump an extra £25bn into the economy in their quantitative easing (QE) programme. They also kept interest rates unchanged at 0.5% for an eighth month. The Bank has already spent £175bn on QE, which involves printing money to buy assets from banks and other companies to stimulate the economy. The extra £25bn will be spent over the next three months, which is a slower rate of spending than before. In the previous three months the Bank had spent £50bn.
Extra £25bn to stimulate economy , 5 November 2009 The Bank of England's rate-setters have decided to pump an extra £25bn into the economy in their quantitative easing (QE) programme. They also kept interest rates unchanged at 0.5% for an eighth month. The Bank has already spent £175bn on QE, which involves printing money to buy assets from banks and other companies to stimulate the economy. The extra £25bn will be spent over the next three months, which is a slower rate of spending than before. In the previous three months the Bank had spent £50bn.
