RE: Economic recovery12 Jun 2020 11:33
The Bank of England looks set to give itself at least another 100 billion pounds in bond-buying firepower next week to try to stop the coronavirus crisis from inflicting further damage on Britain's economy.
Most economists say the Monetary Policy Committee will announce another 100 billion pound boost on June 18.
That would be enough for the BoE to keep buying bonds at its current pace until August, when the MPC is next due to meet. By then there should be a few more signals of how much long-term damage has been done to the world's fifth-biggest economy.