Bank of England announces 150 bn extra cash stimulus

By MG News | November 05, 2020 at 12:47 PM GMT+05:00

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November 5, 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.

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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