Central Bank of England Quantitative easing Expands to 100 trillion yen New Corona June 18 21:40
The Bank of England, the central bank of the United Kingdom, announced that it will expand the scale of quantitative easing measures to supply a large amount of money to the market to 100 trillion yen in order to support the economy that was hit hard by the new coronavirus. did.
As a result of the regular meeting held on the 18th, the Bank of England increased the scale of quantitative easing measures to buy large amounts of government bonds and supply a large amount of money to the market by £100bn to £745bn. Announced that it has decided to expand to about 100 trillion yen.
In the UK, the growth rate of GDP (Gross domestic product) for the month of April was minus 20.4%, which is the largest drop in the past due to the influence of the virus, and it aims to support the economy that was hit hard. The expansion of the quantitative easing measures will continue in March as the virus becomes more serious.
On the other hand, we have decided to leave the policy rate at 0.1%, the lowest level ever. The Bank of England said in a statement that the economy is heading for recovery, but the outlook is uncertain, and that improving the labor market in particular will take time, and is prepared to take further steps as necessary.