Central Bank of England Expands Quantitative Easing Measures to Approximately 121 Trillion Yen Corona Response November 5, 18:50
On the 5th, when restrictions on going out were started throughout England, including London, the central bank of the United Kingdom provided a large amount of money to the market to support the economy hit by the new coronavirus. Announced that the scale of the measure will be expanded to about 121 trillion yen.
The Bank of England, the central bank of the United Kingdom, held a regular meeting until the day before on the 5th, leaving the policy interest rate at a record low of 0.1% and then buying government bonds to supply a large amount of money to the market. The company announced that it has decided to increase the scale of the policy by £ 150 billion to £ 895 billion, or about 121 trillion yen in Japanese yen.
In response to the rapid spread of the infection in the United Kingdom, on the 5th, citizens will be restricted from going out throughout England, including London, and retail stores and restaurants will be banned in principle since spring. Strict measures have begun.
There is concern that this measure will have a more serious impact on the economy, with the aim of supporting the economy.
In a statement, the Bank of England said that the spread of the infection would slow economic growth towards the end of the year, and that Britain's negotiations on a free trade agreement with the withdrawn EU-European Union are uncertain. They are ready to take further measures if necessary.