Bank acts in bid to boost growth
THE Bank of England has decided to pump £50 million into the UK economy through quantitative easing to encourage growth.
The Bank has also held interest rates at half a per cent.
Graham Morgan, director of the South Wales Chamber of Commerce, said the Bank's decision to increase quantitative easing could actually limit decline in inflation in the long-term.
He said: "We need falling inflation to support real incomes and continue to boost demand in the economy, and would like to see the Government take further measures to improve lending to businesses."
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