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Earmarking NHS cash for care was a bold move to stimulate innovative ways of working.
[A10.] Britain Reduces Interest Rates The Bank of England ordered a reduction in interest rates, bringing the benchmark rate to 3.5percentt, a 48-year low, in a move to stimulate economic growth.
The debate has been shaped in the last week by Alan Greenspan, the Federal Reserve chairman, who counseled patience and warned that a hasty move to stimulate the economy through further tax cuts and government spending could backfire.
But last January, when Mr. Reagan's four appointees ganged up and outvoted Mr. Volcker on a move to stimulate growth with lower interest rates, one of them quickly recanted and the Volcker caution prevailed.
Annual consumer price inflation jumped to 2.7 percent in October from 2.2 percent the previous month, according to official figures released on Tuesday, muting prospects that the Bank of England would move to stimulate the economy, at least in the short term.
When Mr. Zapatero announced a move to stimulate the economy last week — an overhaul of the country's labor laws, which make it virtually impossible to fire older workers — unions, traditionally his allies, called for a general strike in September, the first one in nearly a decade.
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They identified 91 episodes since 1970 in which policy moved to stimulate the economy.
Jamei said the Bank's moves to stimulate the economy were likely to have helped support sentiment.
Miners are among the main gainers on hopes that China would make further moves to stimulate its economy following weak monthly trade figures.
That still depends on how much more the economy slows and how quickly the Federal Reserve moves to stimulate growth by cutting its short-term interest rate target.
The Fed again moved to stimulate the stubbornly sluggish economy, cutting the discount rate by half a point, to 6percentt, and analysts said another cut is possible.
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