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Bank of England deploys more stimulus as lockdown begins

Ireland Scotland virus economy Government Coronavirus
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LONDON – The Bank of England has increased its monetary stimulus by a bigger than anticipated 150 billion pounds ($195 billion) as it tries to boost the economy through new lockdown measures.In a statement released Thursday, the bank's rate-setting panel said its challenge is to respond to the economic and financial impact of the resurgence of the coronavirus, which has led to the reimposition of widespread restrictions across the U.K.

A four-week lockdown began Thursday in England that will keep closed all shops selling items deemed to be non-essential, such as books and clothes, as the government seeks to contain a sharp increase in virus infections.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
Deaths: 459 652
Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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