Bank of England projects 125 billion pound loss for QE programme

LONDON, May 5 (Reuters) - ​The ⁠Bank of ​England estimated on Tuesday that its ​quantitative ‌easing programme would rack ⁠up a net financial loss ⁠of around ​125 billion pounds ($169 billion), which will need to be funded ​by ‌the British government.

Under the central bank's QE programme, which first started in ​2009 as a means ‌to stimulate the economy after the global financial ‌crisis, Britain's finance ministry agreed to cover any losses and ​during the 2010s it booked ‌profits.

The BoE's net lifetime QE loss estimate was based ⁠on ⁠the market rate ‌curve, and was higher than the ​BoE's ​115 billion pounds ‌projected in February.