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Economy

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BANK OF ENGLAND ANNOUNCES BOND-BUYING PROGRAMME

Published On 18 Jun 2020 07:54 AM


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Highlights

  • To fight COVID-19 pandemic crisis, BoE has announced a bond-buying programme.
  • BoE plans to buy at least $125 billion bonds.
  • BoE is also trying to steer inflation back to its 2% target.
  • BoE hopes to keep the key interest rate at just 0.1%.

In a plan to fight the coronavirus pandemic, the Bank of England (BoE) has announced to increase a....


Tags : BANK OF ENGLAND, BOND BUYING PROGRAMME, COVID-19, PANDEMIC, ECONOMY,
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