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Bank eyes 50 bln pounds mortgage rescue

April 18, 2008 on 10:29 pm | In Business News |

LONDON (Reuters) - The Bank of England will next week announce plans to swap 50 billion pounds of government bonds for UK bank mortgages in an effort to break a lending squeeze gripping the home loan market, the BBC said on Friday.

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Bank eyes 50 bln pounds mortgage rescue

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