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BOE Boosts Bond-Buying Program More Than Expected

Nov.05 -- The Bank of England boosted its bond-buying program by a bigger-than-expected 150 billion pounds ($195 billion) in another round of stimulus to help the economy through a second wave of coronavirus restrictions. The corporate bond-buying target stayed at 20 billion pounds, taking the total to 895 billion pounds. Interest rates were kept unchanged at 0.1%. Dani Burger reports from Threadneedle Street and David Stubbs, head of investment strategy at JPMorgan Private Bank, reacts to the decision on "Bloomberg Markets: European Open." (This replaces an earlier report which incorrectly stated that the total bond purchase target had been raised to 875 billion pounds.)