Bank of England Deploys Bigger-Than-Expected Stimulus as Lockdown Begins

Date: 2020-11-05 18:13:06


The U.K. government and central bank unleashed a fresh wave of stimulus into the struggling economy on Thursday, acting in conjunction and more aggressively than predicted as the coronavirus forces another lockdown. At 7 a.m, the Bank of England boosted its bond-buying program by a larger-than-expected 150 billion pounds ($196 billion), flooding the economy with cash to spur demand and lower gove

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