Coronavirus: Bank pumps £100bn into UK economy to aid recovery
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The Bank of England will pump an extra £100bn into the UK economy to help fight the “unprecedented” coronavirus-induced downturn.
Bank policymakers voted 8-1 to increase the size of its bond-buying programme.
However, they said there was growing evidence that the hit to the economy would be “less severe” than initially feared.
The Bank’s Monetary Policy Committee (MPC)…