Article preview: Making an earlier than expected announcement today, the Bank of England has released a further £150bn of quantitative easing as part of its bond-buying programme. The latest Monetary Policy Committee comes on the same day that England enters a second national lockdown, and was accompanied by some stark economic forecasts. The Bank believes the size of the British economy will contract by 2% in the final quarter of the year, losing 11% of its Gross Domestic Product (GDP) in the year as a whole.
Bank of England fires a £150bn QE bazooka
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This 433-word blog post looks at the latest Bank of England Monetary Policy Commitee, including an extension to their bond-buying programme, keeping interest rates on hold, and worsening economic forecasts. Written on 5th November 2020.
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