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Bank of England pumps more stimulus as new UK Covid-19 lockdown begins

Bank of England pumps more stimulus as new UK Covid-19 lockdown begins

The Bank of England has increased its financial stimulus by more than the anticipated £150 billion (US$195 billion) in its latest effort to boost the economy as the UK imposes new lockdown measures. The bank’s rate-setting panel said its challenge is to respond to the economic and financial impact of the resurgence of the coronavirus, which has led to the reimposition of stricter curbs in Britain.

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