BOE Increases Bond Purchases, ECB in Focus

The BOE announced to increase the size of the asset purchase program by +75B pound to 275B pound as world economic growth deteriorated dramatically. The program will take 4 months to complete. According to the accompanying statement, ‘vulnerabilities associated with the indebtedness of some euro-area sovereigns and banks have resulted in severe strains in bank funding markets and financial markets more generally.

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BOE Increases Bond Purchases, ECB in Focus