Bank of England Adds Another GBP100 Billion to its Bond-Buying Program

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The much-awaited Monetary Policy Committee (MPC) summary from the Bank of England (BOE) was released yesterday – the bank kept its interest rate steady at 0.1% and added GBP100 billion to its quantitative easing program. 
To date, BOE buys government bonds and sterling non-financial investment-grade corporate bonds to the amount of £745 billion, in an effort to ease the economic pain created by the coronavirus pandemic.

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