QE and interest rates unchanged
The Bank of England voted to keep quantitative easing unchanged and held interest rates at 0.5%.
What is quantitative easing?
Quantitative easing (QE) is the pumping of new money into the economy by the central bank. It has been used by both the Bank of England and the Federal reserve in an attempt to revive consumer spending and economic growth.
Quantitative easing explained by the Bank of England
The Bank of England has so far committed a total of £375bn to QE. Today they will vote on whether to increase this further.
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