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BoE's corporate bond purchase plan nears £10B limit

The Bank of England could conclude its £10 billion corporate bond purchase program as early as in April, Bloomberg News reported April 6.

Initially, officials expected the program, which started in September 2016, to last for 18 months. However, officials are happy to wind up the program earlier, Bloomberg News reported, citing policy maker Gertjan Vlieghe.

"We are not at the point right now where we think the economy needs more stimulus, so the baseline is this thing is finished," Vlieghe said.

The BoE reportedly purchased £9.12 billion of corporate bonds as of April 5, and is set to reach its target by April-end or early May if bond buying continues at the pace of the last two months, though the Easter holiday may slow the pace down.