UK Central Bank may extend £150 billion QE program on Thursday

On Thursday, a meeting of the Bank of England board will take place, during which the regulator can expand the program of «quantitative easing» (QE) by 150 billion pounds. This decision aims to continue the repurchase of financial assets from the market amid possible economic problems due to the negative impact of the coronavirus pandemic and the country's exit from the European Union (Brexit).

On March 19, the British Central Bank has already increased the amount of assets bought back from the market to 645 billion pounds from the previous 435 billion, and also lowered its key rate by 15 basis points to 0.1%. The next expansion of the QE program will continue the ransom until the beginning of October.

Economists speculate that the UK economy will continue to be much lower in the third quarter, even despite the expected start of economic recovery by easing restrictions imposed by the coronavirus pandemic.