InfoAnda - Bank of England pumps billions more into economy

Pakistanis angry over detentions in Times Sq. case
Monday, May 24, 2010
ISLAMABAD – Relatives of three men detained by Pakistan for alleged links to the suspect in the attempted Times Square bombing say the men are innocent.
They

Taiwan denies boycotting Australian film festival
Thursday, August 6, 2009

AFP - Thursday, August 6TAIPEI (AFP) - - Taiwan's Beijing-friendly government on Wednesday denied boycotting an Australian film festival amid a row over the e

Merkel's support dips, regional ally resigns International
Thursday, September 3, 2009

By Sarah Marsh and Noah Barkin

BERLIN (Reuters) - Chancellor Angela Merkel suffered a double blow on Thursday as a senior party ally in east German

Minister seeks closure of anti-Berlusconi websites
Wednesday, December 16, 2009
ROME (AFP) - – The Italian government moved Tuesday to close down Internet sites encouraging further violence against Prime Minister Silvio Berlusconi, who

Asian markets mixed after Wall Street rally
Wednesday, March 18, 2009

By ELAINE KURTENBACH,AP Business Writer AP - Wednesday, March 18SHANGHAI - Asia's stock market rally seemed to be running out of steam Wednesday, despite an

Mexico group helps illegal migrants to US | 3 August 2010
Bombings, bombardments kill across Syria | | 10 February 2012
NBA star Nash introduces film on his Canadian hero | | 18 September 2010

Latin pop icon Ricky Martin tells fans he is gay | 30 March 2010

Forum Views () Forum Replies ()

Read more with google mobile : Bank of England pumps billions more into economy

Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Bank of England pumps billions more into economy AFP - Friday, November 6 Send IM Story Print LONDON (AFP) - – The Bank of England revealed plans Thursday to pump another 25 billion pounds (28 billion euros, 41 billion dollars) to boost the recession-hit British economy, and held interest rates at a record low. The central bank's policymakers decided to lift its quantitative easing (QE) programme to a total of 200 billion pounds, amid concern that Britain is mired in its longest recession since records began in 1955. "The BoE's Monetary Policy Committee today voted to maintain the official bank rate paid on commercial bank reserves at 0.50 percent," the central bank said in a statement. "The committee also voted to continue with its programme of asset purchases financed by the issuance of central bank reserves and to increase its size by 25 billion pounds to 200 billion pounds," it added. Shortly after the decision, the European Central Bank announced that it was holding eurozone borrowing costs at an all-time low of 1.0 percent. The US Federal Reserve said Wednesday it was holding rock-bottom American interest rates for "an extended period" and kept its trillion-dollar stimulus measures in place to support a fragile US recovery. Under QE, the Bank of England buys bonds from commercial institutions to try and boost lending to businesses and individuals, in an attempt to help guide the economy out of a deep downturn. The bank added Thursday that there were encouraging signs that Britain was experiencing a tentative recovery. "In the United Kingdom, output has fallen by almost six percent since the start of 2008," the BoE said. "Households have reduced their spending substantially and business investment has fallen especially sharply. "GDP continued to fall in the third quarter. A number of indicators of spending and confidence, however, suggest that a pickup in economic activity may soon be evident." Official data showed last week that British gross domestic product (GDP) unexpectedly slumped 0.4 percent between July and September, from a fall of 0.6 percent in the second quarter, confounding expectations for a return to growth. Thus far, Britain has failed to join France, Germany, Japan and the United States in exiting recession -- defined as two consecutive quarters of negative growth -- after the worst global downturn since the 1930s. Economists said that the smaller-than-expected increase in asset purchases showed that the BoE hopes that economic recovery will soon take hold. Some analysts had forecast an additional 50 billion pounds. "The slower pace of purchases reflects that the Committee has put weight on indicators suggesting that activity will soon pickup," said Fortis economist Nick Kounis. He added: "We think that this is the last instalment of the QE, reflecting our view that a significant economic recovery will take shape in the coming months." The bank also said Thursday that it would take three months to complete the additional asset purchases, while the scale of the programme would be kept under review. It also noted mounting signs of a global economic recovery. "The world economy has shown signs of recovery, with a number of emerging market economies experiencing a strong rebound in growth, although global activity as a whole remains significantly depressed," the BoE said. "Asset prices have risen internationally since the spring, reflecting both the gradual improvement in the economic climate and accommodative monetary policies. "And banks' funding conditions have improved, though financial conditions remain fragile." The BoE had launched its QE policy back in March, when it also slashed interest rates to the current record low. Recommend Send IM Story Print News Search Top Stories ECB, BoE hold interest rates at record lows Rage against GM over 10,000 planned job cuts at Opel WHO urges people to maintain guard over swine flu Mont Blanc shrinks by foot-and-a-half Bank of England pumps billions more into economy More Top Stories » Most Popular Most Viewed Most Recommended Chinese giant set to buy US oil assets: company Rage against GM over 10,000 planned job cuts at Opel French thinker Levi-Strauss dead at 100 Reborn Chrysler says it will be leaner, more competitive X-ray named top achievement by British museum More Most Viewed » Somali centenarian weds 17-year-old Mobile phone giant Nokia sues Apple over patents More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos Copyright © 2009 Yahoo! Southeast Asia Pte. Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Terms of Service | Privacy Policy | Community | Intellectual Property Rights Policy | Help

Other News on Friday, 6 November 2009
Iran detains journalist for French news agency
Mont Blanc shrinks by foot-and-a-half
Microsoft raises cloud computing concerns
Abbas offers to quit over stalled peace process | International |
WHO urges people to maintain guard over swine flu
France's Kouchner slams US, Germany and Karzai
IAEA found nothing serious at Iran site: ElBaradei | International |
Bank of England pumps billions more into economy
Abbas says he will not seek re-election: PLO
Microsoft CEO sees Yahoo partnership outside U.S.
Walmart.com offers top 10 pre-order DVD movie titles at $10
Cocaine's charge through Europe undiminished: report
Israel accuses Iran of war crime over arms ship
Israel urges action against Iran over weapons ship
Saudi air force hits Yemen rebels after border raid
Hurricane Ida pummels Nicaragua east coast | International |
Iraq MPs to vote electoral law: panel chief
Regional summit seeks to end Zimbabwe crisis | International |
Who built Berlin Wall? Most Russians don't know | International |
Karadzic counsel appointed, trial to resume in 2010 | International |
Somalis hijack grain ship, take Spaniards hostage | International |
Ohio woman: I got away from serial killing suspect
Senate blocks census citizenship question
Beatles remasters heading to USB | Technology |
Chinese activist risks jail with letter to Obama
FBI: Arrest made in slaying of New Mexico nun
Best Buy to install Google mobile applications | Technology |
October sales offer relief to merchants
Ericsson sees Nortel deal closing very soon | Technology |
China air force much improved though still lagging
India restricts coverage of Dalai Lama's trip
Iraqi held in Ariz. honor killing on suicide watch
Intel hit by NY antitrust suit, kickbacks alleged | Technology |
Former NYC Police Commissioner Kerik pleads guilty
Foreign buyers hate fakes unless they're shopping
Seniors' lobby endorses House Dem health care bill
'You hit a what?' SUV nearly slams into elephant
Senate Democrats advance climate bill without GOP
German Red Cross worker shot in Indonesia's Aceh
Congress set to expand homebuyer tax credit
Thailand, Cambodia pull envoys in Thaksin row
Taiwan hit by 6.0-magnitude quake: govt
Toyota surprises with profit, boosts forecast
Ailing JAL suspends 16 more routes
Indian food inflation jumps to 13 pct
NZ Q3 investor confidence near 2-year high-survey
Pakistan's forex reserves ease to $14.23 bln
Rihanna embarrassed she fell for man like Brown | Entertainment |
Killers slay audiences with live show experience
Cheap Christmas cheer as champagne bubble bursts
A Minute With: Michael Fassbender and his Fish Tank | Entertainment |
'My voice is back', sings tenor Villazon
Awash in notes? Piano drowns in Andsnes concert | Entertainment |
Comedian Mo'Nique gets serious in 'Precious'
Malawi threatens arrests over Madonna school row
Art under the big top: The roving Pompidou
Outrage over wall blocking free U2 Berlin concert
Cesaria Evora to begin comeback concerts in Paris
Story told of contradictory Civil War general
Maine's Farnsworth Art Museum hires new director
Two charged over murders of Russian lawyer, reporter
UN calls for probes of alleged Gaza war crimes
Droid joins 'Google phone' army in smart phone war
Judge orders US music website to drop Beatles songs
Angry words as timetable for climate deal slips
Gunmen wound two army men in Pakistani capital | International |
Pirates take crew of Spanish trawler to Somalia: minister
Google lets users see stored account data
Israel rejects U.N. assembly vote on Gaza war
Israel complains to U.N. over alleged Hezbollah arms
Zelaya says pact to end Honduran crisis has failed | International |
Wall St swine flu vaccinations spark uproar
New pathway for DNA damage from nano-particles: study
Student stuns Iran by criticizing supreme leader
FCC approves AT&T's bid for Centennial: sources
Israel rejects U.N. assembly vote on Gaza war | International |
Abbas rules out re-election, complicating peace efforts
ElBaradei won't rule out run for Egypt presidency
US-TECH Summary
China adopts malaria diplomacy as part of Africa push | International |
Israel complains to U.N. over alleged Hezbollah arms | International |
Verizon to sell HTC Android phone for $99.99
EU agrees on Internet, telecoms user rights
Abbas offers to quit over stalled peace process
ECB, BoE hold interest rates at record lows
Forgotten land could decide Turkey-Armenia peace | International |
Ericsson sees Nortel deal closing "very soon"
Best Buy to install Google mobile applications
Rage against GM over 10,000 planned job cuts at Opel
Saudi strikes to continue until Yemen rebels ejected | International |
AFP reporter may be freed at weekend-Iran official
Depression Ida dumps heavy rain on Nicaragua | International |
Beatles remasters heading to USB
Microsoft CEO sees Yahoo partnership outside U.S.
Iraq lawmakers can't agree on election law _ again
Droid joins 'Google phone' army in smart phone war
Abbas says will not seek re-election
Gunmen wound two army men in Pakistani capital
SKorean woman passes driver's exam on 950th try
Global Weather-Celsius
U.S. regulators mull changes to phone access rules | Technology |
California county settles again in squad car case
Intel in talks with India's ITI for joint venture: report | Technology |
Ferry accident in southern China kills 2 Dutch
Verizon to sell HTC Android phone for $99.99 | Technology |
Myanmar vote plan clouds new US dialogue
Thieves steal truck with H1N1 vaccine in Milwaukee
Calle 13 wins 4 Latin Grammys in Las Vegas
APEC to maintain stimulus till recovery in place: draft
China PM heads to Egypt for Africa summit
Indian Sikhs defy advice to pray in Pakistan
Cousin of shooting suspect says family is shocked
Guitar Hero brings higher revenue for Activision | Technology |
China adopts "malaria diplomacy" as part of Africa push
Truck crash kills 19 in northern China
Van stolen 35 years ago in Wash. state recovered
Denver immigrant asylum center latest to close
Obama, House Dems press for health care votes
Obama delays Capitol Hill pitch on health care
Cheney urges strong U.S. commitment to Afghan war
Cougars, hot in Hollywood, endangered in real life
Malaysia says Airbus A400M delivery to be delayed
POSCO starts work on steel plant in Turkey
South Korea OK's India free trade agreement
US says SKorea trade deal 'within reach'
USTR Kirk says S.Korean trade pact needs new auto deal
China's growing thirst for African oil
Seoul shares up on foreign buying;Hyundai Mobis gains
Golden Girls star McClanahan has heart surgery | Entertainment |
Muhammad Ali's former brand maker takes on opera | Entertainment |
Carrie Underwood on track to top U.S. pop chart | Entertainment |
S.Korean bonds steady early despite firmer stocks
Winners at the 10th Annual Latin Grammy Awards
S.Korea mulls $7 bln injection into KIC in 2010
Judge orders US music website to drop Beatles songs
No decision yet on Oprah Winfrey move to cable | Entertainment |
Seoul shares higher on Hyundai Mobis, brokerages
Calle 13 wins 5 Latin Grammys in Las Vegas
Morgan Freeman settles lawsuit over crash | Entertainment |
Florida grapples slippery giant snake invasion
Christmas Carol brings early cheer to box office | Entertainment |
Hal Holbrook shines in "Evening Sun"
Carrie Underwood on track to top U.S. pop chart
U2 warms up Berlin for Wall anniversary
Bette Midler to end Las Vegas shows in January | Entertainment |
U2, Beyonce draw fans for MTV's Berlin show
Study Finds Internet, Computer Use Helps Keeps Elderly Mental Acuity Elevated
Winners of the 16th annual MTV Europe Music Awards
Search For Missing Florida Baby Ends Underneath Sitter's Bed, Child Found Unharmed
Tyson Found Guilty Of Labor Law Violations In Alabama
Winfrey takes gospel singer Winans off her show
Update: Fort Hood Shooting Death Toll Rises To 12, Obama Condemns Rampage
Dow Surges Past 10,000 On Jobless, Production News
Gunfire Kills 9, Injures 20 In Fort Hood
President Obama Says U.S. Help For Bangladesh To Continue
Senate Panel Approves Climate Change Bill Despite GOP Boycott
FBI Arrests Suspect In Brutal Slaying Of New Mexico Nun
Miami Coast Guard Cutter Seizes Five Tons Of Cocaine During October
Algal Foam Kills 10,000 Seabirds Off Washington State Peninsula
Windows 7 debut a hit: NPD
"Guitar Hero" brings higher revenue for Activision
Search For Missing Florida Baby Ends Underneath Sitter's Bed, Child Found Unharmed
Worlds First Arabic Speaking Robot Constructed in UAE
Auditor General Says Ottawa Has No Emergency Response Plan
Miami Coast Guard Cutter Seizes Five Tons Of Cocaine During October
Woman Finds Croaker In Bag Of Greens
Iowa Cat Catches Swine Flu
South Carolina Man Pleads Guilty To Having Sex With Horse
Mozambique Migrant Wins Courtcase Against Western Canada Lottery Corporation
Judge In Gotti Case Offers Jurors Licorice
Israel keen on Abbas staying in office: reports
British Airways to cut extra 1,200 jobs amid losses
New 'smart' electrical meters raise privacy issues
No takers for Abbas' Palestinian presidency | International |
Intel in talks with India's ITI for jv: report
Iraqi kidnappings unabated even as violence eases
RBS reports sharp loss, expects slow recovery
Zimbabwe proposes local ownership of foreign firms | International |
Israel rejects UN vote approving Gaza report
Royal Bank of Scotland reports sharp loss
14 charged in Wall St insider trading probe
Taliban turns screws on UN in Afghanistan
Bangladesh police say Islamists target U.S. interests | International |
Defusing poor man's minefield in Afghan south | International |
Serbia charges six for 1992 killings in Bosnia | International |
Internet censorship seen liable to WTO challenge | Technology |
Pakistani army enters final militant stronghold
Former NY Police Commissioner Bernard Kerik Pleads Guilty To Corruption
Pa. locals, Flight 93 families united by history
'Yakuza' gunman in Japan wounds three, kills himself
Investigators Raid Home Of Alleged Gunman In Ft Hood Shooting Rampage
Update: Fort Hood Shooter Alive; Declared Sole Gunman In Rampage
APEC seeks to slash emissions by 2050
Gunman alive after killing 13 at Texas army base
Japan PM says no US base deal before Obama visit
Obama to sign extension of jobless benefits
Ida Downgrades To Tropical Depression As It Sweeps Across Nicaragua Dumping Heavy Rainfall, Nearing Honduras Border
States with jobless rates of 8.5 percent and above
Obama Signs Unemployment Insurance Extension, Home Buyer Credit Friday
Third gun attack on brigadier in Pakistan capital
Ft. Hood suspect reportedly shouted `Allahu Akbar'
Twin gang leaders sentenced to 17 years in China
Obama to sign homebuyer, jobless bill assistance
Medical marijuana shops abound in California
Villagers flee war zone as India battles Maoists
Remote Indian state readies for Dalai Lama visit
Mafia twins jailed for 17 years in China
Philippines to buy rice from Vietnam, SKorea
Uzbek state energy firm seals $2.5B plant deal
Asia boosts Hermes luxury sales: company
Korea Life may raise around $2 bln in IPO-sources
MARKETS-KOREA-STOCKS/ (UPDATE 2)=2
Hollywood calls on Clooney for holiday movie cheer | Entertainment |
South Korea says mortgage loan growth slows in Oct
Elton John on mend, resuming tour dates
Britney Spears in Australian lip synch furore
China blasts US steel pipe duties as protectionist
US-ENTERTAINMENT Summary
S.Korea spotted buying dlrs to check won's rise -dealers
Prius top-selling car in Japan for sixth month
In Berlin, music fans build a new history
In Berlin, music fans build a new history | Entertainment |
Gay rights a tall order in ex-communist bloc
South Africa tries to enlist men in AIDS battle
Mercury winners Elbow back in the studio
Caesar rises: 20 years of water digs on display
Kashmiri saffron industry withers
Red Cross suspends work in Indonesia's Aceh
Indonesia extends Australia refugee boat's stay
Greece at new risk of being pushed off euro
Bodies of missing Tenn. mom, Jo Ann Bain, and daughter found
Female Breasts Are Bigger Than Ever
AMD Trinity Accelerated Processing Units Now in Volume Production
The Avengers (2012 film), made the second biggest opening- and single-day gross of all-time
AMD to Start Production of piledriver
Ivy Bridge Quad-Core, Four-Thread Desktop CPUs
Islamists Protest Lady Gaga's Concert in Indonesia
Japan Successfully Broadcasts an 8K Signal Over the Air
ECB boosts loans to 1 trillion Euro to stop credit crunch
Egypt : Mohammed Morsi won with 52 percent
What do you call 100,000 Frenchmen with their hands up
AMD Launches AMD Embedded R-Series APU Platform
Fed Should not Ignore Emerging Market Crisis
Fed casts shadow over India, emerging markets
Why are Chinese tourists so rude? A few insights

USD EUR - 1 year graph		BlogMeter 1.01