Warning £700bn QE could keep gilt yields low for years

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M&G's Richard Woolnough said the possibility of another £375bn in asset purchases by the Bank of England means gilt yields could remain at record lows for years to come.

The Bank last week announced a £50bn expansion of its quantitative easing programme, bringing the total to £375bn and leading to fresh questions of how far the Bank will go with its asset purchases...

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