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Bank of England expected to pump £50bn into economy
Bank of England policymakers are expected to pump another £50bn of funds into the economy next month to boost growth, despite the central bank's decisionon Thursday to leave base rates untouched at 0.5% and the quantitative easing (QE) total at £375bn. Analysts said the bank is likely to take its programme of QE to a new high of £425bn at its November meeting after the current tranche of bond buying is complete at the end of the month. The European Central Bank also froze base rates after its president Mario Draghi hinted that he preferred to keep some of his armoury in reserve in case the economic situation for ... (full story)