Zeenews.com
London: In a respite to recession hit UK, Bank of England on Thursday decided to put in 25 billion pounds in the economy.
A decision in this regard has been finalised today, BBC reports suggest.
It has been anticipated for long that the Bank of England will take decision on British interest rates and also pump billions of extra pounds to help Britain out of a deep recession.
The bank's monetary policy committee announced the outcome of its monthly meeting.
The Bank of England has created 175 billion pounds in new cash to boost lending to businesses and individuals. However, this programme of asset purchases was completed last week.
In March, the Bank of England had launched a radical policy of quantitative easing - a process effectively seen as printing new money - as it sought to lift Britain out of a steep downturn that was caused by the global financial crisis.
First Published: Thursday, November 05, 2009, 18:07