Bank pumps extra £25bn into economy
Updated on 05 November 2009
Rate-setters have elected to pump an extra £25 billion into the economy amid concerns over getting the UK's faltering recovery out of recession.
The Bank of England voted to boost its quantitative easing (QE) programme, which is aimed at increasing the money supply and helping the economy, bringing planned spending to a total of £200 billion.
At the end of a two-day meeting, the Monetary Policy Committee (MPC) also chose to keep interest rates at their record low of 0.5%.
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