Quantitative Easing
As part of its response to the Brexit vote, the Bank of England will buy an extra £70 billion of bonds and will create new money to do so. The aim is to stimulate the economy and try to meet the government's 2% inflation target. But will it work?
The Bank of England began its programme of quantitative easing back in 2009 following the financial crisis. It began buying bonds, mostly government debt, from pension funds and other investors
Before this latest round of QE was announced, the Bank already owned £375 billion of bonds, around a quarter of total outstanding government debt. Its…
The skinny
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