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Bank of England kept its key interest rate at a record-low level of
0.1% on Thursday and said it was ready to expand its asset purchases
further if needed to support the economy or guard against an unwarranted
tightening of financial conditions.
The BoE said it was
maintaining the total size of its bond-buying programme - comprising
mostly British government debt and some corporate bonds - at 645 billion
pounds ($774 billion).
The central bank made two emergency
cuts to its key interest rate earlier this month and boosted its
bond-buying programme in a bid to offset some of the hit to the economy
from the spread of the coronavirus and the government’s response to it.