From Fin24.com
London - The Bank of England voted to inject more cash into the economy to shore up a fragile recovery and shield the country from fallout from the unresolved eurozone debt crisis.
The central bank said on Thursday it would buy another £50bn of assets - mostly government bonds - with freshly printed money, taking the total to £325bn, as economists had expected. The BoE also left its key interest rate at a record-low 0.5%.
The cash boost is welcome news for the government, which has come under pressure again to loosen its austerity drive after the economy shrank at the end of 2011 and unemployment hit its highest level in more than 17 years.
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