Quantitative easing expanded to help Britain recover from coronavirus crisisCoronavirus – latest updatesSee all our coronavirus coverage

Rates held at 0.1 per cent but bank ramps up programme of buying government debt to limit economic damage caused by Covid-19

The Bank of England held interest rates at a record low of 0.1% today and pledged to throw another £100 billion at the UK economy via so-called quantitative easing.

BOE committee votes 8-1 to pump more money into the economy but slows bond-buying amid recovery signs, and keeps interest rate at 0.1%Stocks retreat on fears of second Covid-19 waveUS jobless claims remain high amid second wave of layoffs

UK is struggling to emerge from a virus lockdown that started later than much of Europe, with swathes of its services-dominated economy either just getting back to business or still shuttered.Policy makers led by Governor Andrew Bailey voted 8-1 to boost quantitative easing by 100 billion pounds

Printing money to ward off recession is the right approach - but it’s fraught with risk Coronavirus global updatesSee all our coronavirus coverage