BoE increases QE to £875bn but avoids negative interest rates

Unanimous vote

James Baxter-Derrington
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The Bank of England voted to increase QE and leave rates unchanged
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The Bank of England voted to increase QE and leave rates unchanged

The Bank of England (BoE) has voted unanimously to increase its purchase of UK government bonds by £150bn and to maintain rates at 0.1%, shunning rumours of a move towards negative interest rates.

A rise of £150bn brings the central bank's quantitative easing programme to a total of £875bn, while it also voted unanimously to maintain its corporate bond purchasing programme at £20bn. The increased...

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