The Bank of England is pumping a further £150bn ($195bn) into the UK economy which it expects to recover more slowly because of the latest wave of covid-19 infections.
The Bank believes the UK will avoid another recession, with growth in the first quarter of 2021.
But it is warning unemployment will rise rapidly as government employment support schemes wind down.
Interest rates have been held at a record low of 0.1%.
Giles Coghlan from currency brokers HYCM says central banks are running out of options.
IN: "They can...
OUT: ...crisis."
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