Big support: The BoE building in London. Although the country is in a third national lockdown with no end in sight, ongoing BoE action has cleared the way for the Treasury to be the main source for further support. — Bloomberg
LONDON: With the coronavirus crisis deepening in Britain, the Bank of England (BoE) is moving into a supporting role behind the Treasury in propping up the economy.
The central bank is due to release its latest decision along with a report on how policymakers might push borrowing costs below zero. Economists anticipate the £150bil (US$205bil) of extra bond purchases already announced for this year may be enough for now.
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