Bank of England expands crisis QE programme to £300bn

The Bank of England has expanded its coronavirus crisis quantitative easing (QE) programme of bond-buying by £100bn - taking the total since March to £300bn.

The move - designed to oil the wheels of financial markets and maintain low borrowing costs - was announced following the latest meeting of the Bank's rate-setting committee, which maintained interest rates at their record low of 0.1%.

(SKY NEWS)