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Bank of England to inject £50bn to UK economy

The Bank of England has kept interest rates on hold at 0.5% and announced that it will inject £50 billion into the UK economy.

The cash injection will see the Bank of England printing money to buy Government and corporate bonds.

The Bank of England said: “The world economy remains in deep recession but surveys at home and abroad show promising signs that the pace of decline has begun to moderate.”

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