IMF privately urges Bank of England to buy troubled debt

The International Monetary used its recent visit to Britain to press the Bank of England to purchase asset-backed securities. While the central bank has the authority to make such purchases, concerns about putting taxpayer money at risk reportedly kept it from doing so. The development is expected to spur speculation that the central bank will expand its quantitative-easing program to include other types of assets.

View Full Article in:

Telegraph (London) (tiered subscription model), The

Published in Brief: