What is quantitative easing?

Bank of England expands crisis programme to £300bn amid coronavirus chaos

Bank of England
(Image credit: AFP/Getty)

The Bank of England has expanded its coronavirus crisis quantitative easing (QE) programme by £100bn, taking the total since March to £300bn.

The move is “designed to oil the wheels of financial markets and maintain low borrowing costs” and was announced after a meeting of the Bank’s rate-setting committee, Sky News says.

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