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Ailing Britain’s central bank turns money taps back on
Reuters – The Bank of England launched a third round of monetary stimulus on Thursday, saying it would restart its printing presses and buy 50 billion pounds of government bonds with newly created money to help the economy out of recession. The BoE’s action, coming just two months after it ended a previous asset buying programme, coincided with interest rate cuts in China and the euro zone as the trio of central banks took steps to counter a global economic slowdown. Read article
Tags: banks, debt wealth, Europe, financial system
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