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The Bank of England launched a third round of quantitative easing (QE)

The Bank of England has announced it will pump a further £50bn into the UK economy over the next four months through its quantitative easing (QE) programme to try and boost the UK economy.

The Bank of England has bought £325 billion pounds of government debt to date, and the purchases announced today (5th July 2012) takes this total to £375 billion.

The Bank of England also said it would leave UK interest rates unchanged at 0.5%.

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