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Bank of England boosts Quantitative Easing program *PIC*

Bank of England boosts quantitative easing program (by William L. Watts)

FRANKFURT (MarketWatch) -- The Bank of England on Thursday boosted the size of its asset-purchase program, the centerpiece of its quantitative easing program, as policy makers seek to head off a deepening recession. The central bank said its Monetary Policy Committee voted to conduct an additional 50 billion pounds ($78.1 billion) in additional bond purchases, bringing the total size of the program to 375 billion pounds. The move was expected. The central bank left its key lending rate unchanged at a record low 0.5%, also as expected.