Bank of England Unveils Another Big Stimulus for UK Economy

The Bank of England is increasing its government bond-buying program by a further 100 billion pounds ($125 billion).

People wearing masks walk past the Bank of England, as the spread of the CCP virus continues, in London on March 23, 2020. Toby Melville/Reuters

LONDON—The Bank of England has unveiled another big stimulus for the UK economy as it tries to limit the scale of the CCP virus recession.

In a statement Thursday, it said it was increasing its government bond-buying program by a further 100 billion pounds ($125 billion). The intention is to keep a lid on interest rates in financial markets and keep money flowing through the financial system.