Pounds 50bn Primer for Economy

Daily PostAugust 07, 2009

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Summary


THE Bank of England warned yesterday that the banking sector could hamper recovery from the recession as it pumped an extra pounds 50 billion into the flagging economy.

The surprise move - taking efforts to boost the money supply to pounds 175 billion - appeared to pour cold water on rising hopes that the UK will bounce back quickly from recession.

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Pounds 50bn Primer for Economy

The Monetary Policy Committee (MPC), which ...

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