Join our growing community to challenge mainstream media bias and fix the news
Bank of England pumps £100bn into UK economy to aid recovery

Bank of England pumps £100bn into UK economy to aid recovery

The Bank of England will pump an extra £100bn into the UK economy to help fight the ’unprecedented’ coronavirus-induced downturn. It takes the bank’s total quantitative easing programme – effectively printing new money to buy government debt – to £745bn. The Bank’s Monetary Policy Committee also kept interest rates at a record low of 0.1%.

Sandra
Sandra
Heather
Heather 5 months

Terrible plan. It's never a good idea to flood the market with more of a fiat currency. Look what happened to Germany when they tried that!

David Webb
David Webb 5 months

How about a decent savings rate?

Top in Business