Bank of England cuts rates to 0.1%, ramps up bond-buying
Share:
LONDON (Reuters) - The Bank of England cut interest rates to 0.1%, its second emergency rate cut in just over a week, and ramped up its bond-buying programme on Thursday in its latest attempt to shield Britain's economy from the coronavirus outbreak. The BoE's Monetary Policy Committee voted unanimously for the rate cut and for a 200 billion-pound increase in the central bank's bond buying programme to 645 billion pounds.Most of the extra debt the BoE will buy will be British government..