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Bank charges: Bank of England unlikely to invest further in bonds

It is unlikely that the Bank of England (BoE) will be investing in assets already bought by the government to push more money into the British economy, according to a recent poll.

Reuters reported that only a small number of economists predict that the central bank will increase investment in the government bonds that it bought between March 2009 and October 2012.

This news comes in spite of the fact that chancellor George Osborne recently changed BoE’s remit so that it does not need to focus on above target inflation if this is due to individual factors.

BoE is supposed to be trying to bring inflation back to its target rate of two per cent but says that this will take longer than was initially expected and will not fall back to the target until 2016.

Recently, inflation rose to 2.8 per cent.

It has been suggested that inflation has risen on various occasions largely due to individual factors, such as increased sales tax.

Charles Baker

Charles is a reputed financial analyst with decades of experience under his belt.ADNFCR-2776-ID-801566502-ADNFCR



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