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Bank of England injects another £75bn into the economy
The Bank of England has announced injection of £75bn into the economy through its
Quantitative Easing (QE) program which amounts a substantial 2.5% of its GDP. Since
2009, the bank of England has already injected £200bn into the economy. According to
the bank, the program is designed to boost the UK's banks' liquidity, in turn increasing
lending to businesses and individuals. The Bank of England also continued to hold interest
rates at 0.5%. The move to inject surplus funds into the economy by bank of England
provides a further precedent to other Euro zone countries coming out with similar packages
to bail themselves out of the sovereign wealth crisis, a positive for the global
markets in the longer run.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
Bank of England injects another £75bn into the economy
The Bank of England has announced injection of £75bn into the economy through its
Quantitative Easing (QE) program which amounts a substantial 2.5% of its GDP. Since
2009, the bank of England has already injected £200bn into the economy. According to
the bank, the program is designed to boost the UK's banks' liquidity, in turn increasing
lending to businesses and individuals. The Bank of England also continued to hold interest
rates at 0.5%. The move to inject surplus funds into the economy by bank of England
provides a further precedent to other Euro zone countries coming out with similar packages
to bail themselves out of the sovereign wealth crisis, a positive for the global
markets in the longer run.
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