Bank of England infuses another 25 billion GBP to revive economy
The Bank of England (BOE) raised its quantitative easing program by 25 billion GBP to 200 billion GBP on Thursday, continuing its unprecedented scheme to revive Britain's economy already facing a slowdown for past 15 months.
The Uk's central banker BoE, which also left interest rates unchanged at a record low of 0.5 percent as expected, said the bond-buying would take another three months to complete.
Analysts have expressed their hopes that would probably mark the end of the program after an another three months from now.
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Posted-In: Bank of England (BOE)Global Economics