Bank of England launches £150bn QE programme on first day of lockdown
The Bank of England’s Monetary Policy Committee (MPC) has extended its quantitative easing programme by £150bn to help shore up the economy as the second English lockdown begins and Brexit looms.
It also voted unanimously to maintain interest rates at 0.1%, despite speculation of a cut.
The extension of QE will take the total stock of government bond purchases to £875bn.
The Bank is tasked with setting monetary policy to meet a 2% inflation target, and in a way that helps to sustain growth and employment.
"The outlook ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...
