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The Bank of England on Thursday decided to extend the size of its bond purchase program by £150 billion as it warned output would fall in the fourth quarter amid the lockdown that starts in England today.
The unanimous Bank of England decision kept interest rates at 0.1%, and the extension of its quantitative easing program brings the size of its government bond purchase program to £875 billion.
The unanimous Bank of England decision kept interest rates at 0.1%, and the extension of its quantitative easing program brings the size of its government bond purchase program to £875 billion.