Breakingviews - BoE’s insurance policy raises question of next act

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Breakingviews - BoE’s insurance policy raises question of next act
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BoE’s insurance policy raises question of next act aimeedonnellan

City workers walk past the Bank of England in the City of London, Britain, March 29, 2016. REUTERS/Toby Melville/File Photo/File Photo - RC2RRW9J8IMY

LONDON, Oct 10 - The Bank of England is taking out insurance against a market meltdown. On Monday, the central bankit was ready to double the daily limit of its bond-buying programme from 5 billion pounds to 10 billion pounds.

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