Bank of England Hints Move to More Stimulus
September 21, 2011
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London. Minutes of the Bank of England’s last rate-setting meeting suggest that it is gearing up to pump billions more into a program to stimulate a faltering economy, but not yet.
Though only one of the nine members voted in favor of resuming asset purchases, minutes of the September meeting released Wednesday said that some members believed “a continuation of the conditions seen over the past month would probably be sufficient to justify an expansion of the asset purchase program at a subsequent meeting.”
The Bank of England poured 200 billion pounds ($320 billion) into the economy in 2009 through asset purchases, a policy known as quantitative easing.
All nine rate-setters also voted to keep the main interest rate unchanged at the record low of 0.5 percent.
Associated Press
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10:45am | Indonesia ‘Most Tolerant Count...
By proving tolerance with the frequency he and others attend other religions' celebrations, Mr Suryadarma Ali only shows himself to be an idiotic -
10:42am | Hard-Line FUI Says Lady Gaga P...
I think Big Daddy just missed a Zero in the offering letter. No worries, they will revise it. -
10:41am | Some Experts Say Indonesia's B...
@JohnnyFool "Are you also "slumberless"? Or just lovers?" The oldest trick in the book... Yawnnn -
10:34am | Indonesia ‘Most Tolerant Count...
Suryadharma Ali just made my day. This is really the joke of the week. Prost! -
10:16am | Indonesia ‘Most Tolerant Count...
Hah! Typical Indonesian politics. They see an article that criticizes them and they essentially accuse it of being slanderous. -
10:08am | Indonesia ‘Most Tolerant Count...
Hahaha. Wonder how long his nose is. How do idiotic liars like this ever get elected? -
9:58am | Indonesia ‘Most Tolerant Count...
Was he on crack ? -
9:48am | More Muslim Groups Demand Canc...
Max... no I dont think so. Almost every non radical organistaion including the Synod, the NU and the UI have supported the show. In addition the ma
