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Benzinga
Benzinga
Business
Natan Ponieman

Explainer: Why Did The Bank Of England Lay Down $72B To Prevent A 'Lehman Moment'?

The UK’s central bank unpacked a whopping £65 billion ($72 billion) on Wednesday in a desperate attempt to steer the economy back to stability.

The emergency program was launched to avoid pension funds from crashing.

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