BOE Boosts Bond-Buying Program More Than Expected

The Bank of England maintained its benchmark interest rate and increased its bond purchase target to £875 billion, a move that was expected due to extended lockdown measures and potential government stimulus. The decision was unanimous, with a focus on supporting the economy amid Brexit uncertainties and a softening consumer sector. The Bank is prepared to take further action if necessary. Public attention, however, remains on the US election, serving as a temporary distraction from the lockdown.

What assumptions did the Bank of England make regarding the EU trade agreement?

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What dual risks did the Bank of England identify?

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