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The Bank of England’s three-month old plan encourages banks to provide cheap credit to companies and households, which contrasts with the trickle-down effect of gilt purchases through QE.

Photographer: Simon Dawson/Bloomberg

The Bank of England’s three-month old plan encourages banks to provide cheap credit to companies and households, which contrasts with the trickle-down effect of gilt purchases through QE.
November 05, 2012
Article
BOE Tests Faith in Funding for Lending as QE Loses Bite: Economy
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