The Bank of England is set to expand the UK economy which has been slowed down by the corona virus pandemic.
The bank’s policy makers voted to increase the size of its bond-buying programme and to pump extra one hundred billion pounds into the financial system.
The monetary policy committee also agreed to keep the interest rate at 0.1%.
Governor of the Bank of England, Andrew Bailey, said policy makers were ready to rescue the economy after it suffered the biggest monthly contraction in April, dropping by 20.4%.
