Financial Times FT.com

Lehman Brothers - Companies & Markets

Bank boosts quantitative easing programme

By Vanessa Houlder and Jennifer Hughes in London

Published: August 6 2009 12:04 | Last updated: August 6 2009 19:57

Fresh doubts about the strength of the UK conomic recovery emerged on Thursday after the Bank of England’s rate-setting committee surprised markets by voting to pump an extra £50bn ($84bn) into the economy.

The bank’s monetary policy committee voted to extend its so-called quantitative easing programme of buying government and corporate bonds from £125bn to an unexpectedly large £175bn, while holding interest rates at 0.5 per cent.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this