Bank of England adds another £100 billion to bond-buying program to combat coronavirus slowdown

• The Bank of England on Thursday added another £100 billion to its quantitative easing program in a bid to shore up the U.K. economy amid the fallout from the coronavirus crisis.
• The additional bond purchases will take the total value of the central bank’s Asset Purchase Facility (APF) to £745 billion.
• The Bank resisted taking interest rates into negative territory, a decision being closely watched by investors, instead opting to hold its main lending rate steady at 0.1%. Rates have been reduced twice from 0.75% since the beginning of the coronavirus pandemic.

  (Source: Reuters)