Quantitative easing set to be extended according to reports

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Quantitative easing set to be extended according to reports

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12-23-2009, 11:59 AM

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Quantitative easing set to be extended according to reports

The Daily Mail has reported that the Bank of England is set to extend its quantitative easing (QE) scheme by as much as £25 billion next year. QE, also known as printing money, is a process whereby the Treasury injects funds into the financial system to ease pressure on banks by giving them extra capital. [...]

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