Bank of England backs another stimulus
LONDON (AP) — The Bank of England is to inject another 50 billion pounds ($79 billion) into the British economy, which contracted in the last three months of 2011 and is likely to face further difficulties as Europe struggles to contain its raging debt crisis.
The new stimulus, approved by the nine-member Monetary Policy Committee on Thursday and which echoes moves by the U.S. Federal Reserve, had been widely ex...
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