About: http://data.cimple.eu/news-article/175066aefd0dc119b70bb37832c4131470c0eeb8de95f3ca6c1c84f3

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About: http://data.cimple.eu/news-article/175066aefd0dc119b70bb37832c4131470c0eeb8de95f3ca6c1c84f3 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	The Bank of England on Thursday said it had decided to keep its main interest rate at a record-low 0.1 percent as the UK economy emerges from its coronavirus lockdown. "The outlook for the economy... continues to depend on the evolution of the pandemic, measures taken to protect public health, and how households, businesses and financial markets respond to these developments," the BoE said in a statement. The BoE voted also at its Wednesday meeting to maintain the vast amount of stimulus pumping around the UK economy. As the pandemic erupted in March 2020, the BoE slashed its key interest rate to a record-low 0.1 percent, where it has remained. It also began pumping out huge sums of new cash to help stimulate the economy. The bank has created £450 billion ($626 billion, 522 billion euros) under its quantitative easing stimulus programme since March 2020, when Covid-19 prompted Britain's first coronavirus lockdown. Prior to this it had pumped hundreds of billions of pounds worth of QE into the UK economy over a decade in the wake of the 2008-09 global financial crisis and Brexit. The central bank's total QE package stands at £895 billion. The BoE on Thursday said "developments in global GDP growth have been a little stronger than anticipated, and the substantial new US fiscal stimulus package should provide significant additional support to the outlook". But it cautioned that "the outlook for the economy, and particularly the relative movement in demand and supply during the recovery from the pandemic, remains unusually uncertain". bcp/rfj/cdw
schema:headline	Bank of England keeps interest rate at record-low 0.1%
schema:mentions	Interest rate Great Recession Evolution Public health Brexit Gross domestic product England Lockdown Pandemic Coronavirus Coronavirus disease 2019 The Outlook (New York City) Quantitative easing Fiscal policy Demography of the United Kingdom CDW Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-05-06 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	neutral sentiment
http://data.cimple...readability_score	70 (xsd:integer)

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