Financial Times FT.com

Bank details £50bn plan to help ease credit markets

By Norma Cohen

Published: February 6 2009 16:00 | Last updated: February 6 2009 16:00

The Bank of England on Friday unveiled the first details of its plans to help unblock frozen credit markets through its £50bn ($74bn) asset purchase facility.

However, it was clear that it had much more work to do before the system was fully running.

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