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Bank of England changes stance on turmoil

By FT Reporters

Published: September 5 2007 22:33 | Last updated: September 5 2007 22:33

The Bank of England abandoned its “business as usual” stance over the growing credit turmoil on Wednesday, offering to inject an extra £4.4bn of funds into the money markets next week if overnight interest rates stay high.

Kind of surprised it took this long.

I guess they took the opportunity to discuss "any other business" during the MPC meeting.

Edited for fat fingers

Edited by twatmangle

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