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Bank of England holds rates at 0.1% and reveals £150bn in fresh QE

BUSINESS LIVE: Bank of England holds rates at 0.1% and reveals £150bn in fresh QE, as stock markets rise despite US election turmoil

The Bank of England has unleashed another £150billion of action to bolster the battered economy and warned that output will fall in the final three months of 2020 as a result of the second lockdown.

Members of the Bank’s Monetary Policy Committee voted unanimously to expand its quantitative easing programme to a mammoth £895 billion, but held rates at the historic low of 0.1 per cent 

Across the pond, US stocks ended up finishing up strongly again overnight, as the election battle rages. 

 

Read more at DailyMail.co.uk