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5 November 2020

Bank of England maintains interest rates at 0.1% and announces a further £150bn of quantitative easing

Summary

The Bank of England’s Monetary Policy Committee (MPC) sets monetary policy to meet the 2% inflation target, and in a way that helps to sustain growth and employment. In that context, its challenge at present is to respond to the economic and financial impact of the COVID-19 pandemic. At its meeting ending on 4 November 2020, the MPC votes unanimously to maintain interest rates at 0.1% and announces a further £150bn of quantitative easing.

Source(s)

Bank of England summary