Loans and Finance

Loans and Finance

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News and information about loans, money, debt, finance and business issues.

Friday, May 08, 2009

£50BN Bung

The Bank of England surprised the markets yesterday by announcing an unexpected extra £50BN in quantitative easing to buy government and corporate bonds, thus raising the total value of the quantitative easing plan from £75BN to £125BN.

The unexpected move indicates that the strength and timing of the recovery is still very much uncertain.

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