Bank of England raises bond-buying programme again to 745 bln pounds

Bank of England raises bond-buying programme again to 745 bln pounds
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  • Country:
  • United Kingdom

The Bank of England increased its bond-buying program to 745 billion pounds from a previous 645 billion pounds on Thursday. The BoE also said it was keeping its benchmark interest rate at 0.1%.

A Reuters poll of economists had pointed to a 100 billion-pound increase in the asset purchase program which is spent mostly on British government bonds and Bank Rate remaining at 0.1%.

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