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BOE Asset-Buying Risks Stoking Prices, Inequality, Lords Say

  • Parliament’s upper chamber attacks quantitative easing
  • Says program has benefited the rich, done little for growth
Double decker buses pass the Bank of England in London.
Double decker buses pass the Bank of England in London.Photographer: Jason Alden/Bloomberg
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The Bank of England’s asset-buying program risks stoking inflation, widening inequality and has done little to boost economic growth since it began over a decade ago, members of Parliament’s upper chamber concluded.