QUANTITATIVE EASING, THE GUARDIAN, JULY 2009
The Bank of England is pumping another £50bn into the UK economy in a further attempt to lift it out of recession.
Britain's central bank will raise the total amount of new money created under the quantitative easing (QE) programme to £175bn. The move is bigger than economists had expected, with the Bank admitting the recession had been "deeper than previously thought". It also noted that the world economy is still in recession.
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