Reaction from the City
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Bank of England injects further £75bn into economy

The Bank of England has said it will inject a further £75bn into the economy through quantitative easing (QE).

The Bank also held interest rates at the record low of 0.5%.

The Bank has already pumped £200bn into the economy by buying assets such as government bonds, in an attempt to boost lending by commercial banks.

The BBC's Ben Thompson spoke to UK economist David Tinsley straight after the Bank of England's announcement was made.

  • 06 Oct 2011
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