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SSASovereigns

Positive reaction to BofE record low rates QE boost

Bank of England BoE adobe stock 230x150

After an extraordinary Monetary Policy Committee meeting on Thursday, the Bank of England voted to drop the base rate by an additional 15bp to bring it to a new low of 0.1%. Alongside this cut, the central bank has announced it will up its holdings of government and corporate debt by £200bn. Initial signs in the bond makrets were positive.

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