Bank of England ready to buy more bonds if needed to help limit coronavirus impact
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LONDON (Reuters) - The Bank of England held off from taking fresh action to stop the coronavirus crisis from plunging Britain's economy into a long recession on Thursday, but said it was ready to ramp up its bond-buying programme further if needed.The BoE said that while it was not yet able to assess the likely scale of the hit, many firms were already describing it as worse than during the 2008 financial crisis.The central bank, which carried out two emergency rate cuts earlier this month, kept..