The Bank of England kept interest rates at 0.1% as expected

The Bank of England kept interest rates at 0.1% as expected

Bank of England statement:

It is still believed that there is excess capacity in the economy.

In the first quarter of 2021, the UK economy is expected to shrink by 1%.

The speed of buying bonds decreases

GDP is expected to return to previous levels this year.

Economic growth is expected to slow with some support.

The weekly purchase price of Giltz bonds drops from 875 GBP billion to 825 GBP billion.

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