Bank of England holds rates at 0.1% and reveals £150m in fresh QE

by

Bank of England holds rates at 0.1% and reveals £150m in fresh QE; Markets on the rise still despite US election turmoil

By This Is Money

Published: | Updated:

The Bank of England has unleashed another £150 billion of action to bolster the battered economy and warned that output will fall in the final three months of 2020 as a result of the second lockdown.

Members of the Bank’s Monetary Policy Committee (MPC) voted unanimously to expand its quantitative easing (QE) programme to a mammoth £895 billion, but held rates at the historic low of 0.1 per cent 

 

Some links in this article may be affiliate links. If you click on them we may earn a small commission. That helps us fund This Is Money, and keep it free to use. We do not write articles to promote products. We do not allow any commercial relationship to affect our editorial independence.