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UK economy 'may contract in 2011'Britain's economy could suffer another period of contraction in 2011, the Bank of England's executive director for markets Paul Fisher said in a newspaper interview on Thursday. "It's not impossible that we would see a qu More… |
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Banks deny mortgage security buyout planThe Federal Reserve and Bank of England (BoE) denied a report that they were in talks over possibly using public funds to make mass purchases of mortgage-backed securities to ease the global credit crisis. However, the BoE said it w More… |
