The total amount thus rises to 325 billion – The purchases of securities are financed by an increase in the reserves of the Central Bank – The objective is to keep the yields on British government bonds low.
La Bank of England increases its securities purchase program by a further 50 billion pounds of the United Kingdom. The total amount thus rises to 325 billion. At the same time, the central bank keeps interest rates on the pound - for the 36th consecutive month - at an all-time low of 0,5%.
Bond purchases are financed by an increase in central bank reserves, ie by printing new money. The aim is to keep UK government bond yields low.
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