London | The Bank of England has piled another £150 billion ($273 billion) into its gargantuan quantitative easing program, seeking to fight off an expected 11 per cent plunge in the economy this year as the country endures a second COVID-19 lockdown.
The BoE's stock of government bonds will hit a mammoth £875 billion by the end of next year, its balance sheet ballooning to more than 40 per cent of GDP.
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Hans van Leeuwen covers British and European politics, economics and business from London. He has worked as a reporter, editor and policy adviser in Sydney, Canberra, Hanoi and London. Connect with Hans on Twitter. Email Hans at hans.vanleeuwen@afr.com
