Coronavirus: Bank of England set for £100bn of QE

The Bank of England (BOE) is set to unleash another round of quantitive easing (QE) next week, say economists, as at least £100bn (.45bn) more may be pumped into the economy. Load Error The announcement, expected on Thursday, comes after gross domestic product (GDP) plunged a record 20.4% in April. Yesterday, BOE governor Andrew Bailey said in an interview with Sky News that there are signs the UK economy is gradually coming back to life, and that the bank is willing to take action to help the country get through the damage done by the coronavirus pandemic.