Beijing is now trying to restrict lending and ease asset price inflation without setting off a slowdown.
The Bank's nine-strong monetary policy committee (MPC) also unanimously voted to keep its quantitative easing asset purchase scheme on hold at £375bn in response to a mixed bag of indicators that it said would keep GDP growth on an upward, though subdued path.
The Bank of England ended its own Quantitative Easing (asset purchase programme) in 2012, while the Fed has been scaling back its stimulus since the start of this year.
Also on Wednesday, the Bank of England released minutes of its last interest rate meeting, which showed that policymakers remain divided over whether the UK economy needs more stimulus via its quantitative easing asset purchase programme.
Not content with that, they switched at once from scalpel to syringe and started to inject money into the economy through "quantitative easing"—buying assets with freshly created central-bank money.As with the preceding rate cuts, the new treatment has been administered in uncompromisingly big doses.
Updated at 6.47pm GMT 6.40pm GMT The committee expects a gap between the end of quantitative easing/ asset purchases and the beginning of rate elevation, Bernanke says.
Continuing uncertainty over when the US Federal Reserve will begin easing its asset buying programme, one of the key supports for the market, is adding to the downbeat mood.
The surprisingly strong economic reports should reduce pressure on the Bank of England's governor, Mervyn A. King, to further expand a policy of quantitative easing — essentially buying assets to flood the market with liquidity — a move to offset the economic effect of government budget cuts.
For example, since the global financial crisis, both the Bank of England and the Federal Reserve have used so-called "quantitative easing" - buying assets to boost the supply of money - as an economic stimulus.
But with markets now speculating that America's Federal Reserve will ease its asset-purchase programme this year, the real is depreciating rapidly, threatening Brazil's efforts to tame inflation.
Reallocating the spending or tax flows will change Scotland's budget balances, to conform to standards set by the UN and European System of National and Regional Accounts.North Sea oil revenues are only the first reallocation needed; lower debt-interest payments, repatriating taxes paid by cross-border commuters, and the return of quantitative-easing assets are others.
