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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: quantitative easing

quantitative easing stories: 1 news summaries

UK Drops Rates to 0.5%, Begins 'Printing Money'

Quantitative easing begins with $108B of new money

Mar 5, 09 6:18 AM CST
(Newser) - The Bank of England cut interest rates today by 50 basis points to an all-time low of 0.5% and began a far more drastic process: quantitative easing, or "printing money." The Times of London reports that the Bank received permission from the government this morning to spend... More »

MORE ABOUT:
United Kingdom • central bank • Bank of England • Alistair Darling • interest rate cut • quantitative easing

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