Two months after the European Central Bank started buying corporate bonds, the Bank of England said Thursday that it would adopt a similar strategy. Central banks have a new favorite tool for boosting lackluster growth: corporate-debt purchases. It will buy as much as £10 billion ($13.33 billion) of U.K. corporate debt starting in September as part of a larger package of stimulus measures, including £60 billion of additional...

Source: Wall Street Journal August 04, 2016 22:38 UTC