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10 cards from this deck
National institution providing financial services to govt & banks
1997
2% (with ±1% margin)
8 times
Interest rate BoE pays banks on their deposits at BoE
AD=C+I+G+(X−M)\text{AD} = C + I + G + (X - M)AD=C+I+G+(X−M)
Floor at/near 0% where Bank Rate cannot be cut further
BoE buying financial assets with newly created money
£895 billion
nominal rate−inflation rate\text{nominal rate} - \text{inflation rate}nominal rate−inflation rate
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