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: Bank of England extends QE program by £150 billion

(FILES) In this file photo taken on June 17, 2020 A pedestrian walks past the Bank of England in London on June 17, 2020.

tolga akmen/Agence France-Presse/Getty Images

The Bank of England on Thursday decided to extend the size of its bond purchase program by £150 billion as it warned output would fall in the fourth quarter amid the lockdown that starts in England today.

The Bank of England kept interest rates at 0.1%, and the extension of its quantitative easing program brings the size to £875 billion.  

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