Boe Pumping 84 Billion Pounds As Recession Continues

Hello,

The Bank of England is said to be pumping some GBP84 billion into the UK. Unlike quantitative easing, where a central bank actually pumps money into the economy, the 84 billion pound is being pumped into the economy via bond purchases.

Bank of England governor Mervyn King says interest rates will remain at 0.5 per cent and says the bond purchase program will go to about 175 billion pounds