Bank of England boosts bond-buying programme by £100bn - business live

📆 2020/06/18 16:14:00
📰 The Guardian

⏱ Reading Time:
1 sec. here
2 min. at publisher
📊 Quality Score:
News: 4%
Publisher: 53%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

BOE committee votes 8-1 to pump more money into the economy and keeps interest rate at 0.1%; stocks retreat on fears of second Covid-19 wave

Suren Thiru, head of economics of the British Chambers of Commerce, has sent us the lobby group’s thoughts. He is calling for more stimulus measures from the UK government to supplement the Bank of England’s action. The Bank of England’s decision to significantly expand quantitative easing reflects the unprecedented impact of coronavirus on the UK economy. It is vital that the Bank works with financial institutions to ensure that it translates into on the ground support for businesses.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

THe BoE has finally managed to discover the secret of the 'Magic Money Tree': just print as much cash as you need!

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bank of England poised to announce more stimulus as stock market rally fades – business liveStocks retreat on fears of second Covid-19 wave as BOE is expected to expand its bond-buying programme by £100bn-£150bn The hole POTUS Trump has put us all in is fairly deep. The current unemployment rate is over 13% and if anything that’s an underestimate and that’s a very very bad state for the labor market to be in. It’s worse in fact than at any point during the Great Recession. VoteHimOut They keep looking at rallies too close up.
Source: The Guardian - 🏆 84. / 53 Read more »