Bank of England pumps out £100 billion extra stimulus

The Bank of England on Thursday unveiled an extra £100 billion of cash stimulus to prop up Britain's coronavirus-hit economy, despite a slump less severe than first thought.

The BoE, reporting on the outcome of a regular meeting, said policymakers voted to hike the central bank's quantitative easing stimulus by the equivalent of $126 billion or 112 billion euros, while leaving its key interest rate at a record-low 0.10 percent.