On Thursday 5th November, The Bank of England, extended its QE programme by an additional £150bn.
” The Committee voted unanimously for the Bank of England to continue with the existing programme of £100 billion of UK government bond purchases, financed by the issuance of central bank reserves, and also for the Bank of England to increase the target stock of purchased UK government bonds by an additional £150 billion, financed by the issuance of central bank reserves, to take the total stock of government bond purchases to £875 billion. “
Since the start of the financial crisis that began in 2008, the UK Central Bank, has created £875 billion of new money.
Now the QW programme was at £435bn in June 2016, and since Covid has jumped. It went up by £200bn when Covid19 hit in March.
and now jumped again:-