BUSINESS Bank of England announces £150 bn extra cash stimulus

BUSINESS

Bank of England announces £150 bn extra cash stimulus

AFP

15:32, November 05, 2020

The Bank of England on Thursday unveiled an extra £150 billion in cash stimulus as it forecast a deeper recession than previously thought for the coronavirus-wracked UK economy.

Photo taken on March 4, 2020 shows the exterior of the Bank of England in London, Britain. (Photo: Xinhua)

The BoE, which held its benchmark interest rate at a record-low 0.1 percent, increased its quantitative easing stimulus by the equivalent of $195 billion. 


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