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

Unanimous vote

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

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. Fund managers...

To continue reading this article...

Join Investment week

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space

  • Get ahead of regulatory and technological changes affecting fund management

  • Important and breaking news stories selected by the editors delivered straight to your inbox each day

  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts

  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Economics

Thomas Coughlin of Kinesis Money

Fool me twice: The lessons we are yet to learn in the 100 years since Weimar hyperinflation

Need to recognise inherent flaws in current system

Thomas Coughlin
clock 22 October 2021 • 3 min read
The bank has pushed back against claims it may offload its asset management arm

State Street disavows claims of asset management sale - reports

Sparked by Invesco rumours

James Baxter-Derrington
clock 22 October 2021 • 1 min read
BoE in an "uncomfortable" place over UK inflation

BoE chief economist warns UK inflation could hit 5% - reports

A 'very uncomfortable' place for a central bank

clock 22 October 2021 • 1 min read