BoE increases QE to £875bn but avoids negative interest rates

James Baxter-Derrington
clock • 3 min read
The Bank of England voted to increase QE and leave rates unchanged
Image:

The Bank of England voted to increase QE and leave rates unchanged

The Bank of England (BoE) has voted unanimously to increase its purchase of UK government bonds by £150bn and to maintain rates at 0.1%, shunning rumours of a move towards negative interest rates.

A rise of £150bn brings the central bank's quantitative easing programme to a total of £875bn, while it also voted unanimously to maintain its corporate bond purchasing programme at £20bn. The i...

To continue reading this article...

Join Professional Pensions

  • Unlimited access to real-time news, analysis and opinion from the industry
  • Receive our in-depth monthly magazine in either print or digital format
  • Access our Sustainable Investment Hub covering news and opinion from thought leaders in the ESG space
  • Receive important and breaking news stories selected by the Editors in our daily newsletter
  • Hear from industry experts and other forward-thinking leaders
  • Receive a monthly members-only newsletter with exclusive opinion pieces from leading industry experts and a feature from the magazine in advance of its release date

Join now

 

Already a Professional Pensions member?

Login

More on Employee Benefits

WSB Awards 2022: Shortlists revealed!

WSB Awards 2022: Shortlists revealed!

The winners will be unveiled on 8 September at an event at the Marriott Grosvenor Square

Professional Pensions
clock 13 July 2022 • 3 min read
Workplace Savings & Benefits Awards 2022: Call for judges

Workplace Savings & Benefits Awards 2022: Call for judges

Judges will get a ‘behind the scenes’ glimpse at how an industry-wide awards is run

Workplace Savings & Benefits
clock 31 May 2022 • 1 min read
WSB Awards 2022: Enter now!

WSB Awards 2022: Enter now!

The 10th anniversary WSB Awards will be presented in London on 8 September

Jonathan Stapleton
clock 21 April 2022 • 3 min read
Trustpilot