BoE holds interest rates at 0.1% but says further easing warranted

Industry News | 05/11/20

The Bank of England’s Monetary Policy Committee has voted unanimously to maintain Bank Rate at 0.1%, but say that a “further easing of monetary policy is warranted”.

The Committee agreed to increase the target stock of purchased UK government bonds by an additional £150 billion, taking the total stock of government bond purchases to £875 billion.

Source: Financial Reporter