BoE looks for 'rapid recovery' for battered UK economy

Keeps interest rates and QE at current levels

David Brenchley
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The BoE voted to keep interest rates at the current 0.1% level
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The BoE voted to keep interest rates at the current 0.1% level

The UK economy will recover "much more rapidly" from the coronavirus crisis than it did from the Global Financial Crisis, according to Bank of England (BoE) governor Andrew Bailey.

The Bank voted unanimously at its meeting on Wednesday to keep interest rates at current 0.1% levels and overwhelmingly to keep its quantitative easing programme at £200m. It noted an "unusually uncertain"...

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