BoE injects £75 billion to save stalling economy

Bank of England

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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