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Bank of England opts against another stimulus

 


LONDON (AP) — The Bank of England has opted against injecting more money into the ailing British economy, which has one foot in recession but stubbornly-high inflation.

The central bank said Thursday its main policymaking body, the Monetary Policy Committee, decided to maintain its asset purchase program at 375 billion pounds ($563 billion).

A number of economists thought another 25 billion pounds infusion was possible. Last month, Governor Mervyn King and two others of the 9-member panel had pushed for such an increase.

Minutes of the two-day meeting will be published on March 20 and inv...



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