Interest rates held at historic low as Bank of England adds extra £150billion into economy

This move, which comes on the same day as England enters its second national lockdown, takes the total stock of government bond purchases to a total of £875billion.

During the meeting which ended yesterday, the MPC voted unanimously to maintain Bank Rate at 0.1 percent.

The Bank Rate was first slashed to this historic low back in March this year, and has since been maintained at the level.