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

Unanimous vote

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

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...

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