Bank of England boosts bond-buying programme by £100bn - business live

BOE committee votes 8-1 to pump more money into the economy and keeps interest rate at 0.1%; stocks retreat on fears of second Covid-19 wave

Suren Thiru, head of economics of the British Chambers of Commerce, has sent us the lobby group’s thoughts. He is calling for more stimulus measures from the UK government to supplement the Bank of England’s action. The Bank of England’s decision to significantly expand quantitative easing reflects the unprecedented impact of coronavirus on the UK economy. It is vital that the Bank works with financial institutions to ensure that it translates into on the ground support for businesses.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

The Guardian /  🏆 84. in UK

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank of England announces £100bn stimulus to help UK economy through coronavirus pandemicThe Bank of England has kept interest rates at 0.1 per cent and pumped an extra £100bn into the economy in a bid to help the UK out of what is expected to be its deepest recession in more than 300
Read more »

Falling inflation may spark radical action from the Bank of EnglandWith inflation plummeting and fears of a long slump in demand, Andrew Bailey will be searching for new ways to bolster the economy
Read more »

Revealed: How the Bank of England could rebuild its coronavirus war-chestTHE BANK OF ENGLAND is expected to begin to build back its funds for fighting coronavirus today.
Read more »

Bank of England poised to announce more stimulus as stock market rally fades – business liveStocks retreat on fears of second Covid-19 wave as BOE is expected to expand its bond-buying programme by £100bn-£150bn
Read more »

Coronavirus: Bank of England expands crisis QE programme to £300bnThe Bank of England has expanded its coronavirus crisis quantitative easing (QE) programme of bond-buying by £100bn - taking the total since March to £300m.
Read more »

Shocking picture shows 100-year-old woman in India DRAGGED to bank by daughterTHIS shocking picture shows a woman dragging her 100-year-old mother to a bank after bungling officials wrongly insisted she needed to be there to withdraw cash. Gunja Dei, 70, wanted to withdraw 1…
Read more »