fbpx

Bank of England holds rates at 0.1% and reveals £150bn in fresh QE

Bank of England holds rates at 0.1% and reveals £150bn in fresh QE

The Bank of England has unleashed another £150billion of action to bolster the battered economy and warned that output will fall in the final three mo

Just FOUR councils applied to use a new hedgehog warning road sign
Harvester, All Bar One and Toby Carvery owner axes 1,300 jobs
Co-op Bank deal spells ‘devastation for customers’, warns MP 

The Bank of England has unleashed another £150billion of action to bolster the battered economy and warned that output will fall in the final three months of 2020 as a result of the second lockdown.

Members of the Bank’s Monetary Policy Committee voted unanimously to expand its quantitative easing programme to a mammoth £895 billion, but held rates at the historic low of 0.1 per cent 

Across the pond, US stocks ended up finishing up strongly again overnight, as the election battle rages. 

 

This post first appeared on Dailymail.co.uk

Do You Enjoy This Article?
Sign up for our newsletter and receive FREE access to download SuccessDigest Digital Weekly Edition for attainment of your financial freedom in the new digital economy!

Invalid email address
We promise not to spam you. You can unsubscribe at any time.

COMMENTS

WORDPRESS: 0
DISQUS:
%d bloggers like this: