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Bank of England Prepares Its Next Act in Saving of U.K. Economy

  • Economists predict 100 billion pounds of extra bond buying
  • Decision Thursday will be scoured for hints on negative rates
The Bank of England stands in the City of London.
Photographer: Simon Dawson/Bloomberg
Updated on

The Bank of England is widely expected to boost its support for the U.K. economy again on Thursday amid signs that recovering from the pandemic-induced recession will be harder than hoped.

Economists predict the central bank will expand its bond-buying program by 100 billion pounds ($125 billion), taking it to 745 billion pounds, and investors are watching keenly for any hint of radical policies such as negative interest rates and yield curve control. The decision will be announced at noon in London and details from Governor Andrew Bailey’s press briefing will be published at 2:30 p.m.